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Bitcoin Holds $109K as Solana, Ethereum Spark Massive Altcoin Comeback

1y ago•
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Bitcoin (BTC) maintained its stronghold above the $109,000 mark, signalling market stability, while altcoins such as Solana (SOL) and Ethereum (ETH) sparked renewed momentum. BTC traded at $109,541 after a modest 0.2% gain in the last 24 hours, while its weekly increase stood at 3.8%. Its daily trading volume remained above $34 billion, and its market capitalization was $2.17 trillion, reinforcing investor confidence.

In the same 24 hours, Ethereum (ETH) rose by 4.7% to hit a high of $2,795.74 and has additionally gained 6.2% over the week. ETH’s trading volume kept rising, as it recorded a daily volume of $34.8 billion and a market cap of $337.49 billion. Its upward trend coincided with the increased use of Ethereum-based applications, which added to the bullish sentiment in the altcoin market.

Also Read: Understanding Realized vs. Unrealized Gains in Cryptocurrency

Ripple’s XRP (XRP) was next, rising consistently by 0.6% to $2.30, bringing its seven-day gain to 2.2%. XRP’s $135.08 billion market cap and consistent liquidity indicate sustained market engagement despite regulatory uncertainties.

BNB (BNB) increased by 1.1 percent to $669.35, and although its weekly change remained tight, its association with the Binance ecosystem sustained its trade volume around $922 million. Its market cap of $97.65 billion still makes it a force to reckon with among the leading crypto assets.

Solana, Ethereum Drive Broader Altcoin Rally

Solana (SOL) led the altcoin recovery with a 4.3% daily jump to $164.80 and a weekly gain of 5.3%. SOL’s rise, backed by $5.95 billion in trading volume, pointed to increasing investor interest in faster and lower-cost blockchain alternatives.

Dogecoin (DOGE) moved up 3.4% to $0.1977, while TRON (TRX) gained 1.5% to trade at $0.2905. DOGE posted a slight 0.9% weekly rise, while TRX outperformed with an 8.1% increase over the week, showing resilience in user-driven platforms.

Meanwhile, top gainer Aura (AURA) shocked the market with a massive 2831.6% spike in 24 hours. Trading volume soared to $39.1 million. MMX (MMX) rose 57.4%, while BULLA (BULLA) and Kled AI (KLED) gained 54.5% and 33.7% respectively. BOBO Coin (BOBO) also climbed 30.2%, showcasing a shift in trader interest toward micro-cap assets with high volatility potential.

Also Read: Kenya’s Slum Residents Turn to Bitcoin, Sparking Financial Revolution

The post Bitcoin Holds $109K as Solana, Ethereum Spark Massive Altcoin Comeback appeared first on 36Crypto.

1y ago•
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