In the past 24 hours, Bitcoin's price continued its upward trajectory, reaching $106,000, before correcting. Meanwhile, Solana showed significant growth.
Bitcoin Peaks
The trading week began with a sharp decline for Bitcoin, dropping from $96,000 to $89,200. However, after US CPI data was announced, Bitcoin's price surprisingly rose to $98,500 and then to $106,000. Nevertheless, the cryptocurrency couldn't maintain this level.
Solana Defies the Odds
Despite a general decline in altcoin prices, Solana has surged by 10%, reaching nearly $240. This occurred amidst a background of general market corrections.
Crypto Market Overview
The total cryptocurrency market cap remains above $3.7 trillion despite some corrections. Bitcoin's price has returned to $103,000, with its market dominance nearing 55%.
The cryptocurrency market continues to display high volatility. Bitcoin has bounced off its yearly peak, but its dominance is on the rise. Solana, on the other hand, has shown consistent growth despite the overall negative trends.
