Since April 2, 2025, Bitcoin has risen approximately 7% to around $91,100, while Solana surged over 14%, reflecting a strong performance compared to other cryptocurrencies like Ethereum and XRP, which saw declines. This growth follows U.S. President Donald Trump's imposition of global tariffs. Despite its recent performance, Solana's resurgence stems from traders moving away from meme coins and anticipating upcoming network upgrades. Analyst Matthew Nay noted that the price increase is largely due to Solana being oversold rather than its intrinsic value as a store of value. Bitcoin continues to assert its dominance in the market, accounting for about 60% of the total crypto market cap, supported by rising institutional adoption and the introduction of spot ETFs. The recent trends suggest that Bitcoin is benefiting from a narrative of being a non-sovereign asset akin to gold, pointing to greater investor confidence in its long-term utility.

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