Bitcoin Stalled At $46K While Solana Broke $70 After Weekly Surge

Bitcoin stalled at $46K while Solana surged by 90% and reached a price level of $70, testing teh waters near $75 so let’s read more in today’s altcoin news.

After a few days of volatility and a drop below $45,000, Bitcoin stalled at $46K while most altcoins retraced along. However, Solana surged and broke the price level of $70 and DOT followed with an additional 10%. The past few days we’re going well for the Bitcoin bulls as the crypto spiked above $48K during the weekend. This came after the $3000 recovery session during teh weekend but the tables turned since then and BTC started to gradually lose value. In a few hours the asset dropped below $47,000 and kept on dropping.

As a result, it dropped all the way to $45,250 and after the four-day low, the bulls tried to recovery but then were stopped at $46,500. BTC calmed down and now stands around $46,000. its market cap remained above $850 billion for a few consecutive days and its dominance over the altcoins decreased a bit more to 43.5%. Most of the altcoin market mimicked Bitcoin’s performance over the past day which means they are in the red. This includes Ethereum which decreased by about 2.5% and now stands below $3200. Two of the most substantial gainers, ADA and XRP slumped by 3.5% and 6.25% in one day to $2.1 and $1.2.

Uniswap dropped slightly by 2.5%, BCH dropped by 2%, LINK by 2%, and on the contrary, Polakdot jumped by 10% and now sits above $26. Solana whose USD value was on a tear since the weekend and outperformed the rest of the bigger-cap altcoins. After finding the place in the top ten and SOL surged again by 20% reaching another ATH at $75 a few hours ago. The top 100 new rep Audius AUDIO token exploded by 105% in one day and 155% in one week to a price tag of $3.5. more gains were seen from Terra 21%, Elrond 12% and NEAR Protocol 14%, Kusama 11%, and Huobi by 10%. the market cap recovered about $40 billion since yesterday’s low but it is still under $2 trillion.

As recently reported, After the new drop to below $46,000 BTC bounced off quite well and tapped $48,000 shortly however the alternative coins registered some more notable gains on a 24-hour scale and this included Solana reaching a new all-time high and doge pumping another 16%. the market-wide retracement on Sunday was short-lived and the coins are back on the offensive with ETH jumping by another 3.5% and it is just shy of $3300. Ripple was the most substantial gainer a day ago and it also increased with a similar percentage. Binance Coin increased to 5.5%, ADA by 5.5% too, UNI by 6.5%. Dogecoin surged by 16% in one day and got support from major world-known billionaires like Mark Cuban.

Source: https://www.dcforecasts.com/bitcoin-news/bitcoin-stalled-at-46k-while-solana-broke-70-after-weekly-surge/