Bitcoin BTC $ 62 895,02 rose Thursday, and its share of the total crypto market, its dominance rate, gained alongside a meteoric rise in a lesser-known cryptocurrency.
The BTC price advanced 2.4% in 24 hours to trade recently around $62,800. The CoinDesk 20 Index (CD20) added 2.3% to 1,690 and the CoinDesk Memecoin Index (CDMEME) led gains with a 2.7% increase.
BTC's dominance rate has risen to 59% from last week's low of 57.9%, a sign of renewed capital flowing into the largest cryptocurrency as major altcoins struggle. The bitcoin price has held its 200-week average even as other majors such as XRP, ether (ETH) and solana (SOL) trade below the key technical line, suggesting strengthening bearish momentum in altcoins.
In the wider market, Audiera's BEAT token jumped another 57%, taking the seven-day gain to over 500%. Audiera is a Web3 entertainment and rhythm gaming platform built on BNB Chain that treats AI characters and virtual idols as economic participants.
The protocol announced on X that onchain activity is surging, driven by consistent token burns and rising wallet participation. However, some users on social media have voiced concerns about concentrated token ownership and potential pump-and-dump risks .
The other big gainer is Velvet's VELVET token, which has surged roughly 800% in 30 days.
Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high. The stablecoin market cap also extended its run to $320B.
Disclosure & Polices : CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies . CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of Bullish (NYSE:BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services. Bullish owns and invests in digital asset businesses and digital assets and CoinDesk employees, including journalists, may receive Bullish equity-based compensation.
新闻图片
