BTC Recovers Towards $44K While Solana Explodes To Reclaim $100

BTC recovers towards $44K while Solana explodes 10% to reclaim the $100 price level but other coins like ETH and BNB are also doing well so let’s read furhter in today’s latest altcoin news.

Following a few days of struggling near the $42,000 level, Bitcoin went on the offensive and challenged the $44,000 level with the altcoins turning green and Ethereum rising above the $3000 level, and Solana making double-digit gains to hit $100 and beyond. BTC recovers towards $44K as the coin tapped a multi-week high of $46,000 at the beginning of February, but it did fail to continue its ascent and started to lose value rapidly. In a matter of a few days, it dropped below $42,000 and lost about four grand.

This particular level which is the 2021 ATH and the 50-day MA, provided strogn support as the asset bounced off a few times. In the past 24 hours, BTC started reclaiming some of the lost ground and spiked above $43,000 for the first time in a few days and it then kept on climbing and touched $44,000 a few hours ago. As of now, it is unable to reclaim the level decisively but the 4.5% daily increase means that BTC’s market cap is well above $800 billion.

Most other altcoins suffered n the past few days turned the page now and ETH is the main example. It dropped to $2800 after falling by $400 in days but the second-biggest crypto surged by 8% on a daily scale and sits close to $3100 as of now. Binance Coin surged to $430 after it dropped below $400 due to an 8.5% increase and similar price increases are evident from Cardano, Ripple, Dogecoin, Shiba Inu, and Terra. Solana and AVAX are among the best performers with both being up by 10% meaning that the SOL is above $100 while AVAX is nearing $90.

The further gains came from Gala whcih increased 19%, Kadena by 19%, Hedera by 15%, JUNO 14%, and THORChain by 13%. The crypto market increased by $100 billion in one day and close to $2 trillion.

Bitcoin surged 4.7% in the past day and hit an intraday high of $44,207 during the early hours on Tuesday with the overall cryptocurrency market recovering $90 billion in the past 24 hours. The leading crypto is now up 14% over the past two weeks and it helped the broader market recovery. Ethereum as the second biggest crypto in terms of market cap posted 8.2% gains in the day and it is now changing hands at $3104.