Smaller tokens lead as bitcoin, sol rally in ‘first real bounce of the selloff’

Bitcoin and major cryptocurrencies rebounded on dovish Federal Reserve signals, with speculative tokens like Memecore’s M and Audiera’s BEAT leading gains.

Melinda 1 hour ago 3 minutes read

Bitcoin Sees Widespread Selling Spree Despite Price Stability Near $70,000

Smaller tokens lead as bitcoin, sol rally in ‘first real bounce of the selloff’

Bitcoin and major cryptocurrencies rebounded on dovish Federal Reserve signals, with speculative tokens like Memecore’s M and Audiera’s BEAT leading gains.

By Omkar Godbole|Edited by Sheldon Reback

Jul 2, 2026, 11:27 a.m.

3 min read

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Chart of CoinDesk 20 Index showing a 24-hour gain of 4.77% — The CoinDesk 20 Index rose almost 5% in 24 hours to its highest in a week. (CoinDesk)

Summary

Bitcoin and major cryptocurrencies rebounded on dovish Federal Reserve signals, with BTC climbing above $61,000 and speculative tokens like Memecore’s M and Audiera’s BEAT leading gains.
Derivatives data show rising open interest and positive funding rates for bitcoin, supporting a bullish outlook.
The rapid recovery and reopening of Taiko’s cross-chain bridge after a $1.7 million hack briefly doubled its token price.

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