Hello, everyone!
Guess what? Bitcoin just shot past $69K today! This has everyone buzzing with excitement. It's a big deal because when Bitcoin moves, the whole market feels it.
Not just Bitcoin, though. Ethereum (ETH), Solana (SOL), and XRP are also having a good day. They've all gone up by 3-5% in the last 24 hours. It's like a party in the crypto world!
Market Cap and Trading Volume
The global crypto market cap has increased by 2.24%, hitting $2.46 trillion. However, the trading volume has dropped by 33.38% to $48.85 billion. It seems people are holding onto their crypto rather than trading it.
Source Coinpedia markets
Amidst this volatility, Solana's price surged by 10.56% over the past week. This jump has pushed Solana ahead of Binance Coin (BNB), making it the 4th largest crypto by market cap.
SOL-Based Altcoins Benefit
Solana's resurgence has positively impacted SOL-based altcoins, which have seen substantial gains in their respective portfolios. The current market sentiment suggests potential for Solana's ecosystem to regain its former momentum and possibly reach new highs.
The recent developments in the cryptocurrency market, led by Bitcoin's breakthrough and significant gains in major altcoins, have generated a wave of optimism among investors. To explore more detailed information, read the full article by clicking below👇👇
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