04:05 PM EST, 11/07/2024 (MT Newswires) -- Most major digital assets were firmer Thursday with Bitcoin (BTC-USD) setting a new all-time high near $77,000.

The CoinDesk Market Index, which tracks 126 digital assets, rose 2.4% in the past 24 hours.

US stocks also moved higher as the Federal Reserve cut interest rates for a second consecutive meeting, with the Nasdaq 100 up 1.6% in late trade, while the S&P 500 and the Dow Jones Industrial Average rose 0.9% and 0.1%, respectively.

Bitcoin, the most popular cryptocurrency, was up 0.8% at $76,477, off its fresh record high of $76,943. Its 24-hour trading volume dropped 44% to $65 billion, according to CoinMarketCap data.

Ethereum (ETH-USD), the second-largest digital asset, surged 7.8% to $2,887.

Solana (SOL-USD) rose 5.3%, while BNB (BNB-USD) climbed 2.2%.

XRP (XRP-USD) gained 3% and Cardano (ADA-USD) jumped 11%, while Dogecoin (DOGE-USD) dipped 0.8%.

The US 10-year Treasury yield closed at 4.341%, down from Wednesday's close of 4.426%, while the five-year yield closed at 4.188%, down from 4.272%.

The total market value of the cryptocurrency industry increased 0.6% in the past 24 hours to $2.52 trillion. Total trading volume shrank 32% to $144.14 billion.

Price: 254.16, Change: -0.15, Percent Change: -0.06