MYX Finance, Treasure, and Stellar Lead Crypto Market Gains

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The cryptocurrency market saw a rebound today as Bitcoin stabilized above $114,000 after slipping to around $112,000 over the weekend. Several altcoins outperformed the broader market, with MYX Finance, Treasure (MAGIC), and Stellar Lumens (XLM) emerging as the top gainers.

Bitcoin’s recovery to approximately $114,300 provided momentum for the market, triggering strong rallies in selected tokens.

MYX Finance (MYX) recorded the largest gain of the day, surging around 131 percent to reach nearly $0.2945, its highest price since mid-March. The rally was driven by anticipation for the upcoming V2 platform upgrade and heavy trading activity, with the token logging $9.07 billion in 30-day volume and over $285 million in 24-hour volume.

Treasure (MAGIC) rose by about 15 percent, marking its highest level since late April. On-chain data indicates a drop in exchange balances from 193 million to 164 million MAGIC tokens, a sign of reduced selling pressure as holders moved tokens off exchanges.

Stellar Lumens (XLM) also gained roughly 15 percent, trading at $0.41. The move followed a breakout from a falling wedge pattern. Stellar’s ecosystem has seen steady growth, with stablecoin supply nearing $652 million and total value locked in decentralized finance exceeding $142 million. Technical analysts note that the recent bullish chart formation could pave the way for a price retest of June and July highs around $0.5183.

Other altcoins, including Ethena and Conflux, also posted modest gains, supported by positive technical setups and improved market sentiment.