The cryptocurrency market saw a surge on Thursday, with Bitcoin (BTC) trading above $27k and most altcoins experiencing a 3.1% increase in market capitalization. Stocks, yields, and oil also rose, and two crypto assets, Maker (MKR) and THORChain (RUNE), stood out in particular.
MKR has gained nearly 48% in the last 30 days, and is currently trading at intraday highs of $1,542.90 on Coinbase. On-chain activity has also increased significantly, with the number of active addresses reaching a 10-week high. If the overall market remains positive, MKR could reach $2,000.
RUNE has broken beyond $1.9 due to buying pressure and is aiming for liquidity on the buy-side above $2.01. If it succeeds, further gains up to $3 could be expected. However, a pullback due to profit-taking is likely, and the primary support may be between $1.72 and $1.66.
