Bitcoin and Solana continued to climb while the wider market of cryptocurrencies bounces after volatility earlier in April. Bitcoin has increased to $ 91,100 – to 7% since April 2, while Solana jumped from 14.5% to $ 145 during the same period. Overall, the global market capitalization of cryptography increased by 6% to 295 dollars, bitcoin, a share of 60%. The rally comes despite political tensions and economic uncertainty after the announcement by American president Donald Trump of large reciprocal rates, which had initially caused market tremors.
The rise in Solana prices has been particularly notable, taking into account recent developments involving the Bankrupt Exchange FTX. About 11 million ground token – have evaluated around 1.6 billion dollars – were unlocked in the FTX domain, the largest release of this type since January 2021. As a rule, such an influx of tokens would lower prices, but that did not happen. Analysts suggest that the market had already absorbed the impact and that the interest in the token remains strong. Matthew Nay, a research analyst at Messari, described the token as having been occurred and underlined a renewal of the interests motivated by the next updates of the network, including the client of the Validator Firedancer.
The pieces even on the Solana network have also gained ground. Fartcoin, developed by Truth Terminal, an AI agent, increased 21% in the last 24 hours to a market capitalization of $ 1.08 billion. He went beyond Bonk to become the second largest part of memes on Solana and now approaches Trump (Trump), the current leader among the pieces even based in Solana.
Bitcoin has grown as a refuge and reserve of value. Its continuous increase is awarded to the growing adoption of institutional investors and the launch of ETF Spot. David Duong, research manager at Coinbase Institutional, stressed that Bitcoin has become more anchored in traditional investment portfolios, which helped amortize it for net price reductions observed in previous cycles. Tuesday, Bitcoin reached a peak of $ 93,461, its highest price since early March, and is now up 18% in the past two weeks.
Other major cryptocurrencies have also seen gains. Ethereum increased by almost 8% to $ 1,703, Dogecoin climbed from $ 9% to $ 0.172 and XRP gained 3% to $ 2.15. Although some of these tokens remain below their recent summits, the wider market has shown signs of recovery.
Crypto -related liquidations have totaled $ 347 million in the last 24 hours, with $ 255 million from short positions. Bitcoin represented $ 142 million, while Ethereum represented $ 90 million. The wider atmosphere on the financial markets has improved slightly as hopes increase for a reduction in trade tensions between the United States and China.
