Bitcoin Holds Steady While Ethereum, Dogecoin, Solana Climb: Analyst Says Altcoins Could Rally 20%-30% If ETH Does This
Bitcoin stalled, but leading altcoins rose on Wednesday, even as investors assessed Nvidia Corp. (NASDAQ:NVDA) earnings.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:15 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.07% | $111,462.01 |
| Ethereum (CRYPTO: ETH) |
+1.43% | $4,499.90 |
| XRP (CRYPTO: XRP) | -0.49% | $2.97 |
| Solana (CRYPTO: SOL) | +4.90% | $204.07 |
| Dogecoin (CRYPTO: DOGE) | +1.46% | $0.2199 |
Solana Outperforms Bitcoin, Ethereum
Bitcoin was rangebound, oscillating between $112,600 and the early $111,000s. Trading volume fell 3.69% in the last 24 hours. Ethereum slipped below $4,500 overnight after a dash to $4,659 earlier in the day.
Solana surged nearly 5% during the day, as data revealed that public firms and corporate treasuries jointly own nearly $1.68 billion in SOL.
Over $265 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly $156 million in longs wiped out.
Bitcoin’s open interest dipped further by 1.24% in the last 24 hours. Over the last month, the funds locked in Bitcoin derivatives have fallen by 6.42%.
This …
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