Other major cryptocurrencies also soared.

The CoinDesk Market Index, which tracks 126 digital assets, jumped 5.3% in the past 24 hours. The Nasdaq 100 was up 0.1% in late trading, the S&P 500 rose 0.5% and the Dow Jones Industrial Average climbed 1.1%.

Bitcoin was up 3.6% at $97,978, shortly after reaching an all-time high of $99,014, according to CoinMarketCap data. The cryptocurrency's 24-hour trading volume surged 38% to $103.35 billion.

Ethereum (ETH-USD), the second-largest digital asset, jumped 8.4% to $3,340.

Solana (SOL-USD) climbed 8.2% and BNB (BNB-USD) added 2.1%.

XRP (XRP-USD) advanced 7.7% and Dogecoin (DOGE-USD) gained 2%. Cardano (ADA-USD) eased 2.2%.

The US 10-year Treasury yield closed at 4.43%, up from Wednesday's close of 4.404%, while the five-year yield rose to 4.302% from 4.273%.

The total market value of the cryptocurrency industry increased 4.3% in the past 24 hours to $3.25 trillion. Total trading volume grew 32% to $241.64 billion.

Price: 295.54, Change: -24.47, Percent Change: -7.65

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