Top Cryptocurrencies Rise; Bitcoin Nears $70,000 Level

MT Newswires Live05:04

Most major digital assets were firmer late Tuesday with bitcoin (BTC-USD) advancing toward the $70,000 level.

The CoinDesk Market Index, which tracks 126 digital assets, rose 2.3% in the past 24 hours.

US stock indexes were also higher as investors awaited the results of the country's presidential election, with the Nasdaq up 1.3%, while the S&P 500 and Dow Jones Industrial Average rose 1.1% and 0.9%, respectively.

Bitcoin jumped 3.2% to $69,557, with the most popular cryptocurrency's 24-hour trading volume growing 24.7% to $48.07 billion, according to CoinMarketCap data.

Ethereum (ETH-USD), the second-largest digital asset, edged up 0.4% to $2,432.

BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, gained 2.5%, while Solana (SOL-USD), the fourth-largest, climbed 5.3%.

XRP (XRP-USD) was 1.7% higher, Dogecoin (DOGE-USD) surged 7.5%, and Cardano (ADA-USD) advanced 2.3%.

The US 10-year Treasury yield closed at 4.289%, down from Monday's close of 4.311%, while the five-year yield closed at 4.17%, down from 4.169%.

The total market value of the cryptocurrency industry grew 4.7% in the past 24 hours to $2.31 trillion. Total trading volume increased 27% to $96.08 billion.

Price: 195.07, Change: +8.79, Percent Change: +4.72

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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