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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.
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.
STORY CONTINUES BELOW
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.
- 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.
Lyllah Ledesma
Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds a master's degree from New York University in Business and Economics and an undergraduate degree in Political Science from the University of East Anglia. Lyllah holds bitcoin, ether and small amounts of other crypto assets.
