Coinbase rebounds as altcoins surge with bitcoin holding above $80,000
Key takeaways
- Solana (SOL), Chainlink LINK$10.30, SUI$1.0217 and DOT$1.3784 rose around 5%, while Near Protocol (NEAR) and Uniswap (UNI) gained roughly 7%.
- The move came alongside another strong session for equities.
- Friday’s U.S. labor market data added to the constructive backdrop.
Published May 8, 2026, 8:59 p.m. 2 min read Make preferred on Bitcoin (BTC) price on May 8, Friday (Coin Desk)What to know: Altcoins outperformed bitcoin, with ICP, NEAR and UNI leading gains across major tokens.Coinbase rebounded 10% from session lows after Thursday's earnings miss.SEC Chair Paul Atkins signaled support for rules around onchain trading and blockchain settlement infrastructure.With bitcoin holding above $80,000 and stocks pushing to fresh record highs, risk appetite spilled deeper into crypto markets Friday, lifting altcoins and blockchain infrastructure plays.
Solana (SOL), Chainlink LINK$10.30, SUI$1.0217 and DOT$1.3784 rose around 5%, while Near Protocol (NEAR) and Uniswap (UNI) gained roughly 7%. Internet Computer Protocol’s ICP jumped nearly 12%, leading majors higher.
The move came alongside another strong session for equities. The tech-heavy Nasdaq climbed 2.2% to fresh record highs, while the S&P 500 added 0.85%, also closing at an all-time high.