The cryptocurrency market is experiencing significant upside momentum, with nearly all the top cryptos seizing the opportunity to register notable gains. Events of the past few days have revealed an alternating pattern, where the cryptocurrency hierarchy appears to take turns in an upward movement, suggesting a momentary capital transfer across different cryptocurrency ecosystems.
Bitcoin undisputedly led the crypto market rally immediately after Donald Trump won the U.S. presidential election. The pioneer cryptocurrency rediscovered its bullish momentum and broke above an all-time high established during the pre-Bitcoin halving rally earlier this year. BTC’s post-election rally triggered the overall upside movement the crypto market has experienced in the past few weeks.
Related: XRP Jumps Over $1 After 113% Rally, Overtakes Dogecoin to Reclaim Sixth Spot
It is worth noting that Solana (SOL) surged alongside Bitcoin in the initial stages of the post-election rally. The scalability-focused altcoin reversed a momentary bear trend, pushing upwards and recording a new yearly high. However, SOL consolidated after rallying to $225, declined to the psychological $200…
The post Crypto Market Rotates: SOL Rallies While Others Pause appeared first on Coin Edition.
