Memecore’s M jumps 81% and Audiera’s BEAT gains 12% as bitcoin tops $61,000 and Solana rallies
AI Market Summary
Crypto markets rebounded on dovish Fed messaging (cooling inflation risks and reduced July hike odds), lifting BTC above 61k and broadly pushing major tokens higher. Derivatives show strengthening risk appetite: rising BTC open interest alongside higher prices, funding rates turning positive, and short-heavy liquidations. While smaller tokens led outsized gains and Taiko's bridge reopening sparked a brief spike, the dominant driver is macro policy expectations supporting crypto beta.
Impact level
● High
Affected assets
BTC/USDT-0.81%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Bitcoin and other major cryptocurrencies rebounded after dovish signals from Federal Reserve Chair Kevin Warsh at the Sintra meeting, with BTC pushing above $61,000 and SOL up 16% on the week. Derivatives data show bitcoin open interest rising and funding rates turning positive, pointing to stronger bullish momentum. The move was framed as a macro-driven bounce tied to shifting expectations for monetary policy, according to analysts at Marex.
