🚀 Bitcoin returns to $63,000 and Ethereum Name Service (ENS) becomes one of the top altcoins thanks to the upcoming ENSv2 update. LayerZero, which recently launched its airdrop, rose to $3.6, 40% above its low last week.

📈 Mog Coin, one of this year's top meme coins, hit an all-time high of $0.0000021, up 200% from its low in June. Bonk is also up more than 32% from last month's low.

🔍 The recovery of Bitcoin and altcoins occurred in conditions of high volume. CoinMarketCap data shows daily volume increased more than 45% to $53 billion, the highest point since June 28.

🤔 However, there is a risk that the LayerZero, Mog Coin and Bonk rally is a “dead cat”, when the asset recovers briefly after a fall and then continues to decline.

📉 Bitcoin also remains below the 50-day and 100-day exponential moving average (EMA), meaning the bears are still in control.

What are your thoughts on this? 🤔 Leave your comment below!