Cryptocurrency markets split sharply on Friday as Solana extended a multi-day rally past $120 while Bitcoin and other large-cap tokens retreated, underscoring a rotation toward smaller, higher-beta assets even as macro pressures from surging Treasury yields continue to weigh on the broader digital asset complex.

Bitcoin traded at $83,831.42, down 0.65% on the day, while Ethereum slipped 0.25% to $2,680.61 and BNB declined 0.48% to $772.75, according to market data. The divergent session came as the total crypto market capitalization edged down 0.14% to $2.87 trillion.

Solana stood out with a 3.40% gain to $120.99, breaking above a resistance level that had capped its price for several sessions. The token had been range-bound between…