Aster Surges 10% Leading Altcoin Market Recovery


The #cryptocurrency market cap climbed 1.4% over 24 hours to $2.39 trillion as #altcoins posted broad gains Thursday. $ASTER, the native token of perp DEX Aster, surged nearly 10% to lead recoveries among the top 50 cryptocurrencies by market capitalization.


Other tokens joined the upward movement, with $HYPE climbing 8.9% and World Liberty Financial's token gaining 7.6% over the past day. $HBAR, $ZEC, and $TON each posted gains exceeding 5% during the same period.


The altcoin rebound partially reversed losses triggered by Wednesday's strong labor market data. The U.S. added 130,000 jobs in January, reducing market expectations for Federal Reserve interest rate cuts and signaling continued economic resilience.


Prediction market users remain cautious despite the bounce. Users on Myriad, the platform owned by Decrypt's parent company Dastan, assign a 57% probability that $BTC will fall to $55,000 before rising to $84,000. The likelihood of a 25-basis-point rate cut before July stands at just 33%, down 7% from Tuesday.


Tim Sun, senior research analyst at HashKey Group, said the market has not yet experienced a structural trend reversal. Market sentiment remains fragile, and the risk of continued downward movement cannot be ruled out in the short term, though #on-chain data and capital flows suggest buying support is strengthening.


Friday's inflation print has become the focal point for #crypto traders. The delayed January Consumer Price Index data could influence rate cut expectations, with forecasts predicting a reduction from December to 2.5% year-over-year.

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February 12, 2026 at 7:08 PM
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