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Crypto DeFi

Crypto market broadly higher as BTC briefly tops $82K

Crypto sectors rose broadly, with Layer 1 tokens leading on a 2.70% 24-hour gain. NEAR Protocol climbed 16.44%, Avalanche 15.37% and Sui 9.78%, while Bitcoin added 0.25% after briefly topping $81,000 intraday and Ethereum rose 2.08%, touching $2,700. The MAG7.ssi index gained 0.90%, DEFI.ssi 2.76% and MEME.ssi 1.63%.

Original source

AI take

The standout here is the dispersion: Layer 1 alts far outpaced Bitcoin, which barely moved after its brief push above $81K. That pattern suggests rotation into higher-beta names rather than fresh capital lifting the whole market, since BTC and ETH gains were modest by comparison. Whether alt leadership holds if Bitcoin stalls near its intraday high is the open question, and it matters most for traders positioned in the smaller Layer 1 tokens.

Generated by AI for reference only.

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