The post Bitcoin Settles Below $43K, Solana Explodes 8% on BONK Hype (Market Watch) appeared on BitcoinEthereumNews.com.

Bitcoin went on a wild ride yesterday amid the vulnerability issues reported by the major wallet company Ledger, but it has calmed down now at just under $43,000. Most altcoins are with minor losses or gains, but SOL keeps on rising, perhaps fueled by the hype around the new meme coin sensation – BONK. BTC’s Wild Ride Bitcoin jumped to a 19-month peak at $44.700 on Saturday but failed to keep its momentum going and retraced to $44,000 for the rest of the weekend. Monday started on a negative note with a price dump to under $41,000. The landscape worsened on Tuesday with another decline to a weekly low of $40,200. The bulls managed to defend the $44,000 mark and initiated a leg up a few days later that resulted in bitcoin jumping above $43,000. However, yesterday was a highly volatile trading day due to the vulnerabilities with Ledger. After the news went out, BTC dumped by over a grand and a half to $41,500. Once Ledger announced the fix, the primary digital asset recovered almost all losses and returned to over $43,000, leaving millions in liquidations. As of now, BTC stands at around $43,000. Its market cap has risen back to $840 billion, but its dominance over the alts has taken a hit and is under 52%. BTCUSD. Source: TradingView SOL, BONK on a Roll It’s safe to say that the Solana-based meme coin – BONK – has been the top performer lately. The past 24 hours alone saw a massive 100% surge that pushed the asset to a fresh all-time high. On a weekly scale, BONK is up by four digits. Somewhat expectedly, this has propelled a price surge for SOL as well. The token has jumped by over 8% in the past 24 hours and trades close…

---

Filed under: News - @ December 15, 2023 5:18 pm