Solana

Bitcoin

Avalanche

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-soars-past-45400-as-altcoins-ride-the-uptrend" rel="noopener noreferrer nofollow">Bitcoin Soars Past $45,400 as Altcoins Ride the Uptrend</a><br></p>
<p style="text-align: justify">Bitcoin (BTC) has breached the $45,400 threshold, signaling a potential turnaround from its recent slump. The market has been abuzz with anticipation of heightened fluctuations, yet Bitcoin’s value saw an uptick within the initial 24-hour forecast period. This rally has ignited a sense of cautious optimism among traders, eager to see if the upswing marks a shift in momentum or a fleeting aberration.</p>
<h2 id="altcoins-gain-on-bitcoin-s-tailwinds">Altcoins Gain on Bitcoin’s Tailwinds</h2>
<p style="text-align: justify">The rally in Bitcoin has had a ripple effect, lifting the spirits for alternative cryptocurrencies (altcoins). ADA Coin, for instance, surged by 10% unexpectedly. The altcoin market is generally in a buoyant mood, with many tokens recording gains of over 5%. Specifically, Avalanche (AVAX) has seen an increase of 4.77%, trading above the $36 level.</p>
<p style="text-align: justify">Despite AVAX’s drop below the parallel channel in late January, it has since rebounded past the $31.5 mark, with investors maintaining confidence in the upward trend’s sustainability. Overcoming the critical $38 resistance could trigger a faster ascend, with the next objectives being the $42 and potentially the $48-50 ranges. AVAX’s enduring appeal, underscored by strategic partnerships, is poised to ensure its relevance in the crypto space for the foreseeable future. In the event of a downtrend, the focus would shift to the $31.5 and $27 support levels.</p>
<h2 id="solana-s-market-vigor-persists">Solana’s Market Vigor Persists</h2>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/solana-surpasses-ethereum-in-google-searches-for-the-first-time-in-2023" rel="noopener noreferrer nofollow">Solana</a> (SOL) continues to pique the interest of investors with its consistent high trade volumes. Tracking Bitcoin’s trajectory, SOL Coin’s price hovers around $104.5, outpacing Bitcoin with an 8.3% daily increase. The SOL market is sensitive to Bitcoin’s fluctuations, and any substantial move in Bitcoin’s price can significantly impact SOL.</p>
<p style="text-align: justify">SOL’s market valuation relative to its Total Value Locked suggests robust demand, with ongoing network airdrops bolstering its price. Bulls are holding the fort at $97.6 and setting their sights on surpassing the December trend line, eyeing the $111 mark as their next milestone. Should the uptrend gather pace, SOL could potentially target higher levels of $126, followed by $142 and $157 in the ensuing weeks.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-soars-past-45400-as-altcoins-ride-the-uptrend" rel="noopener noreferrer nofollow">Bitcoin Soars Past $45,400 as Altcoins Ride the Uptrend</a></h5>

Bitcoin Soars Past $45,400 as Altcoins Ride the Uptrend

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