[{"category":{"name":"Trending News","exported_url":"trending-news"},"id":"c6def9c8-6752-4b64-a9b0-a9e398de62df","updated_at":"2024-06-06T02:25:00.13+00:00","account":{"firstName":"Mason","lastName":"Thompson"},"description":"In a remarkable turn of events, the cryptocurrency market is witnessing a surge in altcoin prices, led by notable names like Uniswap, Starknet, and BNB. This surge comes on the heels of Bitcoin smashing records and surpassing the $71,000 mark. ","sapo":"In a shocking turn, while Bitcoin breaks barriers at $71K, Uniswap, Starknet, and BNB are skyrocketing. What's behind this astonishing surge in altcoin dominance? Delve into the mystery fueling these unprecedented gains. ","title":"Altcoin Explosion: Uniswap, Starknet, and BNB Lead the Charge as Bitcoin Hits $71K","content":"

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As Bitcoin continues its bullish run, altcoins are stealing the spotlight with impressive gains. Uniswap's governance token, UNI, soared by over 20%, sparked by a tantalizing social media post from Uniswap Labs hinting at a major announcement. Similarly, Starknet's token, STRK, surged by more than 10% following StarkWare's plans to utilize Starknet to scale the Bitcoin network, although concerns loom over the release of $85 million worth of STRK from vesting next week.

Meanwhile, BNB, the native token of Binance Smart Chain, surged by 7%, nearing its all-time high and crossing the $100 billion market capitalization mark. This remarkable ascent is attributed to heightened activity on Binance's launchpool and launchpad, enticing users with opportunities to participate in airdrops and new token launches.

The broader crypto market also experienced positivity, with the CoinDesk 20 Index witnessing gains across seventeen of its twenty assets. These notable performances underscore the prevailing bullish sentiment in the crypto space, signaling an exciting period ahead for investors and enthusiasts alike.

CoinDesk Leaders

Source: CoinDesk Indices

U.S. - based bitcoin mining companies, like Core Scientific (CORZ), saw a boost in their stocks after striking a deal with CoreWeave to host AI services, sparking talks of a possible acquisition at $5.75 per share. This uptick comes as the industry rebounds from the effects of the April halving event, with other players like Marathon Digital (MARA), TeraWulf (WULF), Bitdeer (BTDR), and Hive Digital Technologies (HIVE) also enjoying gains.

The information provided in this article is for informational purposes only and should not be construed as financial advice or investment recommendations. Investing in cryptocurrencies and stocks involves inherent risks, and readers should conduct their own research and seek professional advice before making any investment decisions.

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Altcoin Explosion: Uniswap, Starknet, and BNB Lead the Charge as Bitcoin Hits $71K

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