Bitcoin, the leading cryptocurrency, has seen a substantial increase, surpassing $63,500. This price surge has spurred increased activity among various altcoins.
Among the beneficiaries, Avalanche (AVAX) saw a 10% rise today.
Additionally, popular cryptocurrencies like Shiba Inu (SHIB) and Dogecoin (DOGE) experienced significant gains, with both rising over 5%.
This market movement follows a recent speech by Powell, which appears to have bolstered confidence in the cryptocurrency sector.
