A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017.
Anticipation of easing U.S. borrowing costs and a possible U.S. spot bitcoin exchange-traded fund have lifted crypto prices since the summer, with market bitcoin gaining by about half since the end of August.
Ether , the layer 1 token linked to the Ethereum blockchain on which most layer 2 tokens are based, has leapt 13.8% to $2,028.80 in the past month.
They are often among the last ones to catch a bid when broader crypto market rises and among the first ones to sell off when sentiment is shaken.
Numerous projects and their tokens were launched as the crypto market boomed in 2020, before sinking during the crypto winter of 2022.
Persons:
Benoit Tessier, It's, Matteo Greco, Joshua Peck, Peck, Alyse Killeen, Fineqia International's, Lisa Mattackal, Medha Singh, Tom Wilson
Organizations:
La Maison du, REUTERS, Fineqia, Reuters, Thomson
Locations:
La, Paris, France, U.S, Stillmark, Bengaluru