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Top Cryptocurrencies Advance; Bitcoin Soars Above $72,000 Level
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Top Cryptocurrencies Advance; Bitcoin Soars Above $72,000 Level
Nov 3, 2024 2:14 PM

03:59 PM EDT, 10/29/2024 (MT Newswires) -- Most major digital assets advanced Tuesday, with bitcoin (BTC-USD) soaring above the $72,000 level.

The CoinDesk Market Index, which tracks 126 digital assets, surged 5.2% in the past 24 hours, even as US stock indexes were mixed. The Nasdaq was up 1.2% and the S&P 500 gained 0.4%, while the Dow Jones Industrial Average eased 0.2%.

Bitcoin was 4.3% higher at $72,609 with its 24-hour trading volume increasing 63% to $57.6 billion, according to CoinMarketCap data. The most popular cryptocurrency soared to as high as $73,577 earlier during the 24-hour period, near its all-time peak of $73,750.

Ethereum (ETH-USD), the second-largest digital asset, climbed 4.8% to $2,625.

BNB (BNB-USD), the third-largest digital asset by market value excluding stablecoins, was up 1.4%, while Solana (SOL-USD), the fourth-largest, rose 1.2%.

XRP (XRP-USD) gained 1.6%, Dogecoin (DOGE-USD) advanced 6%, and Cardano (ADA-USD) climbed 3%.

The US 10-year Treasury yield closed at 4.27%, down from Monday's close of 4.276%, while the five-year yield closed at 4.102%, down from 4.107%.

The total market value of the cryptocurrency industry increased 3.8% in the past 24 hours to $2.44 trillion. Total trading volume jumped 44% to $113.9 billion.

Price: 219.18, Change: +3.08, Percent Change: +1.43

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