Bitcoin Stays Above $34k As Solana Leads Altcoins Rally

TL;DR

• Bitcoin continues to trade above the $34k level as it has stagnated in recent days.

• Altcoins have been rallying in the last 24 hours, with Solana leading the way.

Solana Leads The Altcoins Charge

Bitcoin’s price has been stagnant over the last few days as it continues to trade just above the $34k level. BTC is up by less than 1% in the last 24 hours and is currently trading at $34,321 per coin.

Despite Bitcoin’s stagnated performance in recent days, altcoins have begun the week excellently. SOL, the native coin of the Solana blockchain, is the best performer amongst the top 20 cryptocurrencies by market cap. The coin is up by 11% in the last 24 hours and is currently trading at $36.32 per coin.

Chainlink’s LINK has also continued its excellent performance after adding 7% to its value in the last few hours and is now trading above $11. AVAX, the native coin of the Avalanche blockchain, is another top performer amongst the leading 20 cryptocurrencies by market cap. AVAX added 5% to its value following the launch of the new Avalanche app for Ledger users. 

Ether, the second-largest cryptocurrency by market cap, has crossed the $1,800 mark once again after adding 1% to its value in the last 24 hours. 

With altcoins rallying, the total cryptocurrency market cap has increased by nearly 1%. At press time, the total cryptocurrency market cap stands at $1.27 trillion.