Cryptocurrency markets staged a slight recovery over the past week led by solana and polkadot, which both jumped about 20%
ETH/BTC slides as investors seek safety in the largest digital asset
BTC has been rangebound this week as market sentiment remains mixed, ETH and BTC continue to cede market dominance to alternative networks.
Digital assets stumble while traditional financial markets close strong, highlights of BTC, ETH, SOL, and LUNA price action.
Solana becomes the fourth largest digital asset by market cap, AXS and SLP soar on news that the Ronin decentralized exchange is live.
Total value locked (TVL) across all chains hit an all time high, crypto investment products see record inflows, SOL and LINK outperform the market.
“As expected, Bitcoin reached its ATH,” Cryptohopper’s Ruud Feltkamp said. “We often see that when Bitcoin makes a move, the altcoins follow in the two weeks after, which could explain the latest surge [in] Solana.”
Bitcoin faces minor correction on the backs of greedy traders, FTT outpaces other exchange tokens, Terra enables IBC.
Bitcoin lends strength to ethereum and major alts, Ethereum has grown considerably since the last time it visited $4,000, SOL and LUNA pop.
Bitcoin hovers above $61,000 on sound fundamentals and technicals, a futures-backed ETF isn’t all positive, Ethereum looks undervalued.