Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Crypto markets experienced volatility overnight as bitcoin and ether tumbled before recovering to trade 15% higher than their Wednesday lows.
Sentiment reversed after U.S. Federal Reserve Chair Jerome Powell's dovish FOMC speech, leading to a jump in BTC, ETH, and other major tokens, particularly those of layer-2 platforms and meme coins.BTC and ETH rose as much as 11% in the past 24 hours, leading gains among major tokens. Solana's SOL, Cardano's ADA and BNB Chain's BNB added as much as 8%, data from CoinGecko shows.
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