ETHER, SOLANA hit 19-month high as Bitcoin rally stalls on traders' fears of a "bull trap"
🔸Bitcoin's (BTC) bull run stalled on Thursday, leaving the stage for top cryptocurrencies ether (ETH) and solana (SOL) to lead the crypto rally after soaring to new 19-month high.
🔸BTC falls to $43,000 intraday after a sprint climb to nearly $45,000 earlier this week, suggesting traders have taken some profits after the largest cryptocurrency broke the 38,000 mark dollars a week ago.
🔸Meanwhile, ETH increased 5% during the same period and hit $2,372, its highest level since May 2022.
🔸Its rally boosted the prices of other ETH-related cryptocurrencies, making them the best-performing tokens of the day. Ether classic (ETC) is up 6%, while liquid staking protocol Lido (LDO) is up more than 11%.
❗️Solana (SOL) surged more than 8% to $70, its highest since May 2022, after a three-week cooldown from local highs in mid-November. #bitcoin #ethereum #solana #binannce $BTC $SOL $ETH