The coin was one of the top gainers on Nov. 9 amid a broad market upturn that propelled Bitcoin (BTC) to an 18-month high as crypto’s leading token headed toward $38,000.
The coin was one of the top gainers on Nov. 9 amid a broad market upturn that propelled Bitcoin (BTC) to an 18-month high as crypto’s leading token headed toward $38,000.
Bitcoin’s leap above $37,000 for the first time since May 2022 coincided with Solana’s market cap breaking above the $20 billion mark as inflows poured into cryptocurrencies across the board.
Solana (SOL) has seen double-digit gains in 24 hours and during a seven-day sprint as digital asset proponents surmised that crypto winter might be thawing in the run-up to a possible spot Bitcoin ETF approval from the U.S. Securities and Exchange Commission (SEC).
While BTC flirted with $38,000, rising as high as $37,900 on some trading venues, the SEC is reportedly in talks with Grayscale regarding the firm’s BTC ETF.