The crypto markets rebounded 7.5% this Thursday, bringing total market capitalisation to a two-month high of US$1.16tn.
The rally comes amid some positive signs that US inflation is slowing on lower gas prices.
Bitcoin trended in line with the market, heading up 7.4% for a two-month high of US$24,575.
Ethereum went into overdrive with a 13% rally, testing the US$1,900 barrier.
Solana emerged from its slump with a 14% lift, bringing the large-cap blockchain’s SOL token to a US$15.6bn valuation.
Other large-cap blockchains also performed well, with Avalanche, Polygon and Cardano all enjoying high single-digit gains.
The decentralised finance (DeFi) space performed well, adding 5.4% in total value locked across all protocols.
Decentralised exchanges Curve and Uniswap both added around 10% in their market caps, while Aave, Convex Finance and Synthetix all performed well.
In the news
Payment network Ripple Labs has shown interest in purchasing assets belonging to bankrupt crypto lender Celsius.
"We are interested in learning about Celsius and its assets, and whether any could be relevant to our business,” a spokesperson told Reuters, though declined to say if Ripple was interested in acquiring Celsius outright.
CEL token responded by adding nearly a third to its market capitalisation.
Bizarre scenes in Manhattan as supporters of alleged crypto fraudster Eddy Alexandre, whose EminiFX platform allegedly stole millions from customers, have gathered outside the courthouse to show their support.
“I will stay and wait for Eddy Alexandre, because he was not doing a scam. He was helping us,” one supporter told Bloomberg.