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