Bitcoin approached a high of nearly $44,300 yesterday, falling just under $500 short of its previous high. Meanwhile, Solana surged to over $84, surpassing XRP in market value, reaching a new high in a year and a half.
(Earlier Summary: Solana’s surge reexamines the staking market, driven by liquidity)
(Background Addition: Wall Street giant VanEck predicts “Bitcoin to reach a new all-time high within a year”! All BTC spot ETF applications will be approved together)
Table of Contents:
Ethereum loses support at $2,200
SOL surpasses $84, overtaking XRP
Over $170 million in liquidations occurred in the past 24 hours
Bitcoin (BTC) gained momentum again yesterday evening, reaching a peak of $44,283 around 11 PM, falling just under $500 short of its previous high. However, subsequent selling pressure caused it to fluctuate and drop to $43,000 in the early morning hours.
At the time of writing, it rebounded to $43,670, a 2.81% increase in the past 24 hours.
BTC spot price | Source: Binance
In contrast, Ethereum (ETH) appeared much weaker. It reached a low of $2,156 this morning and was reported at $2,197 at the time of writing, a 0.42% increase in the past 24 hours.
ETH spot price | Source: Binance
It is also worth noting that Solana surged to over $84 in the late night hours, reaching a new high in a year and a half. At the time of writing, it is trading at $82.65, a more than 12% increase in the past 24 hours.
Other top ten cryptocurrencies also experienced a general increase, with AVAX, which recently gained popularity, rising over 8.5% in the past 24 hours.
According to Coinglass data, the total amount of liquidations in the cryptocurrency market exceeded $170 million in the past 24 hours, with over 58,000 investors liquidated. BTC ranked first with $51.48 million in liquidations, followed by ETH with $40.79 million.
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Solana
Ethereum
Bitcoin