MAGIC Jumps 38.96% as Layer 2 and Modular Sectors Lead Gains

The striking detail is that MAGIC and its peers rallied hard while the broader market cap slipped and bitcoin managed only a modest gain, which points to rotation into higher-beta infrastructure names rather than fresh money entering the asset class. That pattern tends to be narrow and momentum-driven, with gains concentrated in a handful of Layer 2 and modular tokens. Whether the sector can hold these levels once the initial bid fades, or whether bitcoin's steadiness simply provided cover for a short-lived speculative pulse, is the open question worth watching.