The recovery rally in major cryptocurrencies gathered pace on Monday as Japanese shares surged to record highs and China’s third-quarter gross domestic product (GDP) data bettered estimates.
Bitcoin BTC$111,110.96 topped $111,000, rising 3.7% in 24 hours after having hit a low of $103,602 last week, according to CoinDesk data. The broader market took cues from BTC, as usual, with major tokens such as ether ETH$4,070.24, XRP$2.4575, solana SOL$193.18, BNB BNB$1,134.13 and DOGE$0.2016 rising 3% to 5% in 24-hours. The CoinDesk 20 Index was up 3.6% at 3,685 points.
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