Bitcoin (BTC) has been hovering in the range of US$34,000 to US$35,000 for most of this week. After the news came out on the 2nd that the Federal Reserve announced that it would suspend interest rate hikes again, the price once tried to hit US$36,000, but was still defeated. Heavy selling pressure continued for two days, falling as low as $34,120 on the 3rd. At the same time, Ethereum (ETH) also encountered setbacks in its attempt to break through the $1,900 mark on Thursday, falling as low as $1,777 on Friday.

Coingecko data shows that compared to the flat performance of BTC and ETH this week, among the top 20 tokens by market capitalization, tokens such as Avalanche (AVAX), Cardano (ADA) and Polkadot (DOT) have exceeded 10% in the past 7 days. % increase, especially Solana, which has skyrocketed by nearly 27.1% in the past 7 days. The recent growth has been strong. Since mid-October, SOL has soared from around US$20 to a maximum of US$46.9 yesterday (2), less than The one-month increase was as high as 123%. Although the overall currency market has fallen since Thursday, the current price has risen again to $40.87, a 6.1% increase in the past 24 hours.