Aave, Chainlink Lead Altcoin Rally as Bitcoin Soars Most in 6 Weeks

The price of bitcoin cash and ether also rose in the past 24 hours.

AccessTimeIconJul 26, 2021 at 1:50 p.m. UTC
Updated Sep 14, 2021 at 1:30 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Bitcoin’s price surge early Monday led a rally in so-called altcoins, with aave (AAVE), chainlink (LINK) and bitcoin cash (BCH) notching double-digit percentage gains. 

Bitcoin briefly broke above $39,000 Monday for the first time since June 16. The cryptocurrency is currently trading its sixth consecutive day in the green, up 12% in 24 hours. 

  • Aave, an open-source and non-custodial protocol that runs on the Ethereum blockchain that enables users to lend and borrow a range of crypto assets, has climbed 18% in the last 24 hours, according to CoinDesk 20 data.
  • Chainlink, a decentralized oracle network, was trading at $19.17, representing a 14% gain in the last 24 hours.
  • Bitcoin Cash, the blockchain that forked off Bitcoin in 2017, was up 13%.
  • Ether, the native token of the Ethereum blockchain, is trading at $2,348 at press time. The cryptocurrency is up 9% in the past 24 hours.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.