BTC surges strongly after recent losses

The cryptocurrency market has experienced significant price fluctuations over the past few days, with this volatility particularly affecting Bitcoin (BTC). Just two days ago, the value of BTC fell to $58,500, its lowest point since the Fed’s interest rate decision two weeks ago. The decline triggered a widespread sell-off in altcoins that weighed heavily on the entire market. However, a recovery quickly followed, with BTC prices rebounding to $61,700, and altcoins following a similar trend. DOGE emerged as the standout meme coin, while two top-10 altcoins were among the day’s biggest gainers.

🔸#SolanaCoin Performance

Solana (SOL) was mired in a severe downturn at the start of 2023, but subsequently staged a remarkable recovery, managing to break above $200. From late 2023 to March, Solana’s price once again exceeded $200, although there was a more significant correction thereafter. Currently, SOL is up 3.4% over the past week at around $136.50, although it is down 0.48% on a weekly basis and is down 19% over the past month.

The recent price action has pushed Solana's market capitalization to climb to $63 billion, even as its daily trading volume dropped 25% to $2.5 billion. According to DeFiLlama, the total value locked in the Solana network reaches $4.25 billion, reflecting a 6.44% increase in the past 24 hours. Increased market activity has also driven a rise in DeFi trading volume.

🔸#Cardano(ADA) latest status

Cardano (ADA), frequently mentioned for its downtrends, showed signs of recovery today. In the past 24 hours, ADA price increased by 3.88% to reach $0.3914. On a weekly basis, ADA gained 2.07%, with its market capitalization rising to $13.990 billion, and 24-hour trading volume of approximately $264.97 million.

🔻 Key Insights

● BTC rebounded to $61,700, suggesting the market may be stabilizing after recent losses.

● Solana's solid recovery and market capitalization growth show that investor confidence remains strong despite the recent correction.

● Cardano’s price recovery highlights its resilience and potential for further growth. $BTC