Aave, Chainlink Lead Altcoin Rally as Bitcoin Soars Most in 6 Weeks
The price of bitcoin cash and ether also rose in the past 24 hours.
Jul 26, 2021 at 1:50 p.m. UTCUpdated Aug 21, 2021 at 6:33 p.m. UTC
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Bitcoin’s price surge early Monday led a rally in so-called altcoins, with aave (AAVE), chainlink (LINK) and bitcoin cash (BCH) notching double-digit percentage gains.
Bitcoin briefly broke above $39,000 Monday for the first time since June 16. The cryptocurrency is currently trading its sixth consecutive day in the green, up 12% in 24 hours.
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- Aave, an open-source and non-custodial protocol that runs on the Ethereum blockchain that enables users to lend and borrow a range of crypto assets, has climbed 18% in the last 24 hours, according to CoinDesk 20 data.
- Chainlink, a decentralized oracle network, was trading at $19.17, representing a 14% gain in the last 24 hours.
- Bitcoin Cash, the blockchain that forked off Bitcoin in 2017, was up 13%.
- Ether, the native token of the Ethereum blockchain, is trading at $2,348 at press time. The cryptocurrency is up 9% in the past 24 hours.
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