Bitcoin is mounting another attempt to surpass the closely-watched $30,000 level and memecoins extended their recent rally as risk appetite increases across global asset markets.
The largest cryptocurrency by market value rose as much as 2.8% to around $29,690 in New York trading hours. That has Bitcoin, which as been trading on either side of $30,000 for about a month, on pace for a second consecutive weekly increase. Ether, the second largest token, jumped by as much as 6.5%, fueled in part by renewed interest in some of the most speculative tokens, which often trade on the Ethereum blockchain.
