The world’s largest virtual coin, Bitcoin climbed as much as 6.8% to the cusp of $23,000, a level it was last at in mid-June. Ether at one point added almost 11%. Solana also achieved a double-digit percentage gain.
A sustained break above could renew the speculative momentum that can grip crypto assets in the blink of an eye. Expectations for Federal Reserve interest-rate hikes are less aggressive now, which may help. Ether is extending a rally that began last week after developers of the Ethereum blockchain gave a target for the long-anticipated software update that is projected to lower the network’s energy usage.
Source: News Formal (newsformal.com)
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