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Layer 2 tokens lead gains as crypto markets edge higher
Crypto markets traded higher as Layer 2 tokens led gains, Bitcoin moved above $92,000, and Ethereum held near $3,200 amid broad-based sector strength.
Overall sentiment in crypto markets improved over the past 24 hours, with selective strength across major segments. Bitcoin rose 1.37% to reclaim the $92,000 mark, while Ethereum traded in a narrow range near $3,200 despite mild pressure. Layer 2 tokens outperformed, gaining about 1.66%, led by Merlin Chain and Mantle. Broader participation was seen across meme, DeFi, Layer 1 and RWA tokens, with sharp single-asset moves in Zcash, Beldex and Keeta highlighting ongoing sector rotation.