Bitcoin Rally Makes History – Ethereum and Solana Keep Up

Bitcoin (BTC) is on a record course, the price curve is currently reaching new all-time highs every hour. Ethereum (ETH) and Solana (SOL) have so far managed to keep up with the momentum emanating from Bitcoin.

The history of Bitcoin is opening a new chapter

Following Donald Trump’s election victory less than a week ago, the price curve of Bitcoin is reaching levels never seen before. On Tuesday night, BTC first cracked the $81,000 mark and then added another $1,000 almost every hour to reach $89,000—now the magic number of $90,000 per Bitcoin is within reach.

The impressive record hunt of the leading crypto currency is radiating out to the overall market, where Ethereum (ETH) and Solana (SOL) are being watched particularly closely as numbers two and three. Here are some results:

Ethereum (ETH) is trading at just under $3,400 with a weekly increase of 38 percent. This is even more dynamic than Bitcoin’s 30 percent weekly increase. But Ethereum still has some catching up to do in absolute terms; the ETH all-time high of just under $4,900 from November 2021 is the real benchmark.

In general, established and popular altcoins such as Ethereum must now be judged on whether they manage to surpass their all-time highs from the 2021 boom phase. Solana (SOL) has just set a new record for itself with a market capitalization of more than $100 million. But this is due to the increasing number of SOL that are now in circulation. The Solana price curve has confidently passed the $220 mark with a weekly increase of 37 percent – now investors want the $260 per SOL as the next stop, i.e. the level where the Solana all-time high was recorded in November 2021.

Of the ten most capitalized cryptocurrencies, apart from Bitcoin, only Binance Coin (BNB) has managed to reach a new all-time high this year, when it reached $717 in June. However, Binance Coin cannot keep up with the current pace, and there are many reasons for this.

Bitcoin continues to play in its own league for the time being. Experts point out that BTC has now overtaken silver in terms of market capitalization. Bitcoin purchases for $2 billion by MicroStrategy over the weekend are also a plus point that no altcoin has.

While the crypto markets are clearly on the rise, everything is still in the shadow of Bitcoin Superstar. The future US President Donald Trump supports Bitcoin, even a state BTC reserve – Trump only shows such sympathy for “digital gold.”

Conclusion: Bitcoin on record course – Ethereum and Solana in good position

The crypto scene is eagerly awaiting when Bitcoin will reach the price mark of $100,000 and then be quoted in six figures for the first time. The sales and capital inflows in the Bitcoin ETFs are once again record-breaking and show no sign of a trend reversal.

Experts such as Matt Hougan from Bitwise observe that on the selling side, the $100,000 mark has now become the standard for Bitcoin and the buying side must prepare itself for BTC not to be sold off in a hurry. For Ethereum, Solana and the vast majority of altcoins, this probably means that the way will only be clear for fresh fantasies when they cash in on their historical records from 2021.

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(Featured image by Shubham Dhage via Unsplash)

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