Bitcoin Extends Rally to Record Close to $90,000; Other Cryptocurrencies Retreat-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Bitcoin Extends Rally to Record Close to $90,000; Other Cryptocurrencies Retreat

MT Newswires Live11-13 05:05

Bitcoin (BTC-USD) surged toward $90,000 on Tuesday, extending a rally to a record, while other major digital assets retreated.

The CoinDesk Market Index, which tracks 126 digital assets, was up 1.9% in the past 24 hours. The Nasdaq 100 eased 0.1%, the S&P 500 shed 0.3% and the Dow Jones Industrial Average dropped 0.9%.

Bitcoin was 2.7% higher at $89,741 with a 24-hour trading volume of $148.4 billion, up 42%. The most popular cryptocurrency reached a record $89,956 earlier, according to CoinMarketCap data.

Ethereum (ETH-USD), the second-largest digital asset, fell 1.8% to $3,301.

Solana (SOL-USD) slumped 3.5%, while BNB (BNB-USD) dropped 1.6%.

Dogecoin (DOGE-USD) surged 17% and XRP (XRP-USD) gained 14%, while Cardano (ADA-USD) lost 5.3%.

The US 10-year Treasury yield closed at 4.429%, up from Monday's close of 4.304%, while the five-year yield was at 4.312%, up from 4.192%.

The total market value of the cryptocurrency industry increased 1.5% in the past 24 hours to $2.98 trillion. Total trading volume increased 36% to $358.59 billion.

Price: 318.93, Change: -5.31, Percent Change: -1.64

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