Solana increases by 8 %daily, Bitcoin reaches a new 9-month high: market observation

Solana increases by 8 %daily, Bitcoin reaches a new 9-month high: market observation

The latest developments in the European banking sector have driven Bitcoin to the north again, with the asset has increased over $ 28,500 for the first time since June 2022.

Some old coins have also recorded remarkable profits, with Solana listing the race.

Bitcoins new local peak

Bitcoin ended one of his best weeks in some time after it rose from $ 20,000 to around $ 28,000 in the last seven days. This happened in the middle of the growing banking problems in the United States, which later extended to Europe.

One of the largest banks in the old continent-Credit Suisse-announced that it was taken over by the largest bank in Switzerland-UBS-in a deal worth 3.25 billion US dollars (60 % less than the value of the former last week). Both parties claimed that the goal of the deal was to "secure financial stability and to protect the Swiss economy".

Bitcoin reacted positively to the news and rose over $ 28,000 for the first time in nine months. It reached a new local high of $ 28,500 before it went back by $ 500 and has been bounced down since then.

Its market capitalization has increased to well over $ 530 billion, while its dominance over the altons has increased to 46 %.

Btcusd. Tradingview

Sol increases by 8 %

As the BTC dominance diagram shows, most alternative coins have recently been exceeded by Bitcoin. The last 24 hours are another example, although most alts are still in the green.

Solana is one of the few exceptions with a massive daily increase. Sol has increased by 8 %, which contributed to returning $ 23. The other remarkable winners of the large cap alternatives include Cro, Vet and Stx.

In contrast, Ethereum, Binance Coin, Cardano, Polkadot, Tron and Avalanche have made insignificant profits. Matik, Rippledogecoin, Shiba Inu and Litecoin, on the other hand, are on the go with slight losses.

The entire crypto market capitalization rose by almost $ 20 billion in one day and is again $ 1.180 trillion.

Overview of the cryptocurrency market. Quantify crypto