Bitcoin Zooms to Record Above $87,000; Other Top Cryptocurrencies Surge

MT Newswires Live11-12

Bitcoin (BTC-USD) soared Monday to a record high above $87,000, extending a rally along with other major digital assets.

The CoinDesk Market Index, which tracks 126 digital assets, jumped 8.2% in the past 24 hours despite the mixed sentiment on Wall Street. The Nasdaq 100 shed 0.1%, while the S&P 500 and Dow Jones Industrial Average rose 0.1% and 0.7%, respectively.

Bitcoin, the most popular cryptocurrency, was 10.34% higher at $87,241 late afternoon, shortly after setting a new all-time high at $87,412. Its 24-hour trading volume grew 41% to $104.4 billion, according to CoinMarketCap data.

Ethereum (ETH-USD), the second-largest digital asset, surged 6.8% to $3,363.

Solana (SOL-USD) gained 8.6%, while BNB (BNB-USD) climbed 3%.

XRP (XRP-USD) jumped 7.2%, Cardano (ADA-USD) advanced 6.4%, and Dogecoin (DOGE-USD) surged nearly 25%.

The US 10-year Treasury yield closed at 4.304%, down from Friday's close of 4.306%, while the five-year yield was steady at 4.192%.

The total market value of the cryptocurrency industry grew 9.4% in the past 24 hours to $2.94 trillion. Total trading volume increased 36% to $263.42 billion.

Price: 324.43, Change: +53.69, Percent Change: +19.83

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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