Markets
Crypto Assets Rally as BTC Returns to $66K
Crypto Assets enjoyed a rally during the European morning, raising bitcoin around 1.5% in 24 hours to US$66,300 and ether 2% to US$3,600. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), rose around 1%, with Avalanche’s AVAX the biggest gainer, up just under 3.9%. XRP rose 1.5% while Solana’s SOL gained 1.3%. SOL, as the closest thing to an ether competitor in the altcoin market, may be facing downside as traders anticipate the listing of spot ETH ETFs in the US, an event considered likely at some point in the coming months.