Pyth Network Surges Amid Broader Crypto Rally

The Pyth Network (PYTH) token experienced a price increase of 4.40% over approximately 19 hours, driven primarily by a broad crypto rally.

This move closely mirrored the overall altcoin complex, which rallied on macro news. The total crypto market cap increased by about 5.1% to $2.32 trillion, while the altcoin market cap rose by about 4.2% in the same period.

Pyth Network (PYTH) saw a 4.3% increase over 24 hours with a 24-hour volume of around $9.7 million and an intraday price range of roughly $0.0382 to $0.0390.

The US Treasury's decision to double its buyback cap to $4 billion per operation starting in September drove down long-dated yields and sparked a broad rally across digital assets.