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Benzinga
Benzinga
Business
Henry Khederian

Stellar Lumens (XLM) Surges As Bitcoin Dominance Lifts Altcoin Market

Cryptocurrency,Innovation,Concept.,Businessman,Holding,Iluminated,Light,Bulb,With,Bitcoin

Stellar Lumens (CRYPTO: XLM) is rocketing higher Friday afternoon, posting double-digit gains in a broad-based rally sparked by Bitcoin’s (CRYPTO: BTC) historic price movement. Here’s what investors need to know.

What To Know: This impressive jump comes in sympathy with Bitcoin, which has surged to a new all-time high of over $118,000. The decisive move by the market leader is creating a powerful tailwind for the entire digital asset sector, pulling prominent altcoins like Stellar along for the ride.

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