Small speculative tokens are multiplying under the name of Bitcoin and other major chips extend Wednesday’s lead. The CoinDesk 20 Index rose nearly 5% in 24 hours to its highest level in a week, with all members in the green.
Memecore’s M and Audiera’s BEAT gained 81% and 12%, respectively, making them the best performers among the top 100 coins in terms of market value. At No. 3, Venice Token (VVV) is up 9%.
Bitcoin, the largest cryptocurrency, added more than 4% to $61,200, and Ether (ETH), the second-largest, rose 5%. Solana’s SOL gained 9% as the network unveiled an on-chain governance system that requires staking at least 100,000 tokens to submit proposals. XRP is up almost 4%.
“First real rebound from the sell-off, and there is something behind it,” Marex analysts said in an email. “[Federal Reserve Chairman Kevin] Warsh told Sintra that inflation risks had diminished, July’s bullish bet had been reversed, and BTC had reclaimed over $60,000 for the first time in a week. SOL is the star, up about 16% for the week and leading everything. »
