Starknet and Arbitrum Rise More Than 17% as Crypto Market Broadens

Starknet and Arbitrum posted gains of more than 17% as the cryptocurrency market advanced broadly, while the U.S. 10-year Treasury yield moved back below 5%.

Altcoins Lead Market Gains

Starknet, the Ethereum layer-2 network associated with the STRK token, and Arbitrum, another Ethereum scaling network represented by ARB, were among the strongest performers. Both tokens rose more than 17% during the session.

Most CoinDesk 100 Constituents Advance

Market breadth was also strong. A total of 98 assets in the CoinDesk 100 advanced, indicating that gains extended well beyond a small group of leading cryptocurrencies.

Treasury Yields Ease

The U.S. 10-year Treasury yield slipped back below 5%. Movements in government bond yields can influence broader risk sentiment, including demand for digital assets, although the market response can vary depending on the wider economic backdrop.