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Solana up 5%, Bitcoin marks 10-week high above $21,000


Hours later, after a minor correction on Sunday, Bitcoin went on the offensive again to set a new 10-week high above $21,000.

Solana and Shiba Inu lead the altcoin load with notable gains, followed by CRO, APT, NEAR and others.

BTC saw new local peak

Bitcoin surpassed $17,000 this past weekend and has continued to climb ever since. Last week was the most positive in months as it reclaimed $18,000, $19,000 and finally $20,000 on Friday night.

Another massive surge occurred on Saturday morning, this time to just over $21,000. The bears attempted to step in on Sunday, pushing the cryptocurrency inches below this level.

However, the bulls surged once more on Monday morning, pushing BTC north to $21,430 (on Bitstamp). Bitcoin hasn’t been this high since the FTX collapse that began to unfold in early November.

Although BTC has retreated slightly since that local top, BTC is still in the green on a daily basis. Its market cap used to be over $400 billion and its dominance over the altcoins is 41%.

BTCUSD. Source: TradingView

SOL, SHIB hover

Altcoins have also seen impressive gains over the past two weeks. Solana has been at the forefront of offense and has nearly tripled in value over that period.

The last 24 hours brought another notable price rise for SOL. This led to it breaching $24 to set its own multi-month high.

Shiba Inu is up 5% as the team behind the project shared more details about the upcoming Shibarium.

Ethereum, which went deflationary again today, is north of $1,500 after a minor daily surge.

Crypto.com’s native cryptocurrency has skyrocketed 10% to trade above $0.08. APT and MANA are up double digits to $8 and $0.7 respectively.

Cumulative market cap has increased by around $10 billion daily, but it still fails to reach $1 trillion on CoinMarketCap, although it did on CoinGecko over the weekend.

Overview of the cryptocurrency market.  Source: Quantify Crypto
Overview of the cryptocurrency market. Source: Quantify Crypto
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Cryptocurrency charts by TradingView.


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