First Mover Asia: Bitcoin Surge May ‘Not Be the Beginning of the End of the Bear Market,’ Analyst Says

Other major cryptos were mixed with a few, including ADA, the token of smart contracts platform Cardano, and Litecoin up more than 2%, but others, including MATIC, the native crypto of the Polygon blockchain, off about the same. Increasingly popular memecoin PEPE was up 11%, although it had been up 70% earlier in the day. After spending most of the day in the green, the CoinDesk Market Index, a measure of crypto markets performance, sank into negative territory and was recently down 0.9%.