Bitcoin (BTC-USD) climbed 3.3% on Friday, crossing the $102,000 mark as renewed interest in stablecoins and easing pressure on Bitcoin-linked exchange-traded funds drove gains across the cryptocurrency market. The global crypto market capitalization rose to $3.6 trillion, reflecting a 2.61% increase over the past 24 hours, according to CoinMarketCap.
The total crypto market volume reached $166.73 billion in 24 hours, a 2.13% uptick. Decentralized Finance (DeFi) trading volumes contributed $11.33 billion, or 6.79%, to the total, while stablecoins accounted for $150.91 billion, making up 90.51% of the total 24-hour market activity.
Bitcoin's latest rally came amid a broader uptick in digital assets, with the CoinDesk Market Index tracking 124 cryptocurrencies up by 1% over the same period. Bitcoin traded at $100,563 on Thursday with a slight dip in trading volume, while Ethereum (ETH-USD) slipped 3.2% to $3,336.
Other cryptocurrencies posted mixed performances: XRP (XRP-USD) surged 12%, Solana (SOL-USD) gained 4.7%, Cardano (ADA-USD) rose 6.5%, and Dogecoin (DOGE-USD) climbed 2%. Meanwhile, BNB (BNB-USD) advanced 0.7%.
In broader markets, US stock indices were steady to slightly lower, with the Nasdaq 100 down 0.6%. Treasury yields eased, with the 10-year yield at 4.604%, down from 4.651% on Wednesday.
Bitcoin’s resilience and the overall rally in digital assets highlight sustained investor interest in the cryptocurrency market amid a volatile economic landscape.
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