Crypto Market Update: BTC Soars Past $68,000, SOL Hits 2-Month High

Bitcoin, the leading cryptocurrency, has bounced back strongly from its mid-week dip, surpassing $68,000 earlier today.

Bitcoin’s Bullish Run

After a weekend of volatility following President Biden’s comments on his re-election campaign, Bitcoin climbed to a 6-week peak of over $68,400. Despite some bearish pressure that pushed it down to a weekly low of $63,400, a surge on Friday propelled Bitcoin back above $68,000. Although it has since pulled back slightly, Bitcoin’s market capitalization has risen to $1.340 trillion, with its dominance over altcoins hovering near 53%.

Altcoins On The Rise

While most altcoins are slightly in the green, some stand out. Solana (SOL) has seen impressive gains, reaching a 2-month high of over $185. Dogecoin (DOGE) has also charted notable gains, up by 3.5%. Other notable performers include APT, KAS, RNDR, and FIL, which have seen significant increases from the largest 36 digital assets.

However, not all altcoins are seeing positive momentum. Monero (XMR) and Maker (MKR) have experienced declines of 3-4% daily.

Ethereum Recovers

Despite massive outflows in spot Ethereum ETFs during their initial trading days, Ethereum (ETH) has managed to recover some ground after dipping to $3,000 earlier this week. It currently sits close to $3,300.