Bitcoin Consolidation Continued, With Solana Soaring 10% to a Two-Month High

Bitcoin remained trading at around $47000, while Solana soared by a double-digit percentage to its highest price tag since late January.

Bitcoin has continued to maintain a fairly calm performance over the past few days, standing above $47000. While most altcoins are also stagnant, other altcoins, such as Solana and avalanche, mark a sharp rise in daily scale.

Bitcoin Stagnated at $47000

The main cryptocurrency experienced its biggest price surge in the past few months on Monday, when it soared from $45000 to more than $48000 in a few hours. This happened after several weeks of failure to break through $45000.

Briefly exceeding $48000 means the highest price level since January 2 this year. Since then, however, the asset has fallen by several hundred dollars and has been unable to stay above $48000.On the contrary, it has even fallen below $47000 twice in the past two days. So far, the transaction price of BTC is higher than this level, but its market value has fallen to slightly less than $900 billion.

Download App for Android

Download App for iOS

SOL and AVAX Lead Alternative Trading Methods

Ethereum is one of the quiet alternative currencies, rising slightly every day, helping the second-largest cryptocurrency regain $3400. It is worth noting that ETH struggled under $3000 more than a week ago, but it has not looked back since it jumped above this level.

Binance coin is also slightly green now at $445. Ripple, Cardano, Polkadot, Dogecoin, Shiba Inu, and CRO all experienced slight price appreciation. Although Terra also rose less than 2% on the daily line, the asset actually hit a new record high – just below $110. Avalanche and Solana are the most prominent among large cap assets. AVAX rose 8% to $100, while SOL soared 10% to trade north of $120.

More revenue comes from low and medium market value allies, including IOST (42%), Zilliqa (25%), Theta Fuel (16%), IoTeX (13%), TRON (11%), and Enjin Coin (11%). Since yesterday, the market value of cryptocurrency has increased by about $30 billion to $2.150 trillion.