The post BTC, ETH, & SOL on the Radar appeared on BitcoinEthereumNews.com.

Recent events have drawn attention to the cryptocurrency markets like never before. As the drama continues to grow, our beloved crypto Bitcoin, Ethereum, and Solana continue to react. Amid the volatile US political landscape and the market moving in a channel waiting for a breakout, the crypto market is on a peculiar level that can move in any direction. As observed in TradingView’s data, the week commenced with a bearish trend steering the market, fueled mainly by Ethereum’s ETF launch on Tuesday, the 21st. Notably, Bitcoin fell sharply from a peak of $68.2K, finding support at $63.4K. Not to be left out, Ethereum and Solana were also impacted, witnessing lows of $3.08K and $166, respectively. As a result of this adverse price action, the total market capitalization also plummeted from $2.60 trillion to $2.45 trillion.  Bitcoin is the industry leader that paces all other cryptos, including Ethereum. The correlation between crypto is universal, with any development pertaining to Bitcoin and Ethereum impacting the markets.  Since the introduction of Solana-based applications, the overall acceptance and community have seen a major spike, making it influential enough to impact markets. As prices continue to stabilize and the pro-crypto narrative picks pace in the U.S. Presidential elections, there are signs of a surge in the crypto market. The current developments injected a wave of optimism into the market, catalyzing a recovery. BTC surged, firmly reclaiming the $67k mark, while SOL climbed past $180. ETH, on the other hand, stabilized above the $3,200 level, although still in the red zone. BTC Advances with Strong Market Optimism BTC’s value was $67,547 at press time, marking a 4.33% gain in a single day and a 2% increase in the past 7 days. With a circulating supply of 19,731,400 BTC tokens, its market cap rose to $1.33 trillion,…

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Filed under: News - @ July 26, 2024 8:12 pm