Solana (SOL) Rockets to 7-Month High, Bitcoin (BTC) Taps $80K Again: Market Watch

Bitcoin is on the move again in the right direction, jumping by over $2,000 since yesterday’s low and inching closer to the $80,000 resistance.

Solana has emerged as today’s top performer among the larger caps, surging by 8% to its highest price tag since late January at $105.

BTC Aims at $80K

It was just over a week ago when bitcoin’s major rally commenced, when the asset broke out of the $65,000 resistance and surged to $70,000 within hours. The bulls kept the pressure on, driving the cryptocurrency to $75,000 on Thursday and to a multi-month high at almost $80,000 on Friday morning.

However, it couldn’t breach that level on its first attempt and slipped to $75,500 during the weekend. Nevertheless, the bulls stepped up once again and defended that level. Moreover, BTC started to climb as the new business week progressed and surged past $80,000 and $81,000 on Tuesday morning for the first time since mid-May.

This meant that it had added over $16,000 in value in less than a week. However, it was stopped and couldn’t climb any higher. The next leg down drove it to just under $78,000, but it reacted well in the past few hours and jumped to $80,000 as of press time.

… Continue reading the full article at the original source below.