04:07 PM EST, 12/16/2024 (MT Newswires) -- Bitcoin (BTC-USD) rose to a record topping $107,000, while other major cryptocurrencies advanced.

The CoinDesk Market Index, which tracks 126 digital assets, still dropped 1.8% in the past 24 hours. The Nasdaq 100 rose 1.2% and the S&P 500 climbed 0.4%, while the Dow Jones Industrial Average eased 0.2%.

Bitcoin earlier reached an all-time high of $107,780, according to CoinMarketCap data. The most popular digital currency was up 2.9% to $106,064 in late trading.

Bitcoin's 24-hour trading volume more than doubled to $96 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, jumped 4% to $4,048.

XRP (XRP-USD) climbed 2.7% and BNB (BNB-USD) gained 1.1%.

Solana (SOL-USD) fell 1.9%, while Dogecoin (DOGE-USD) edged up 0.2% and Cardano (ADA-USD) added 1.2%.

The US 10-year Treasury yield closed at 4.395%, little changed from Friday's close of 4.397%, while the five-year yield rose to 4.252% from 4.246%.

The total market value of the cryptocurrency industry increased 2.2% in the past 24 hours to $3.74 trillion. Total trading volume surged 89% to $229.5 billion.