According to CoinDesk, Solana's SOL has broken $240 for the first time in three years, rising 4.3% in the past 24 hours, surpassing the CoinDesk 20 index's 1.6% increase. Bitcoin (BTC) has slightly pulled back before the US trading session, staying above $90,000. BCA Research analysis suggests that BTC could rise to $200,000.
JPMorgan's Bitcoin retail sentiment score has reached an all-time high, while MicroStrategy's options positioning shows extreme bullish sentiment. XRP surged to a three-year high over $1.20 over the weekend, with derivatives open interest exceeding $2 billion, benefiting from improved regulatory conditions and the upcoming stablecoin launch. The triangle consolidation of the SOL/BTC ratio ended with a bullish breakout, indicating strong future performance for SOL.
