Since April 2, when U.S. President Donald Trump imposed tariffs, Bitcoin and Solana have seen significant rises, with Solana up 14.5% and Bitcoin increasing by 7%. Other major cryptocurrencies like Ethereum and XRP have declined over the same period. Bitcoin maintains a roughly 60% share of the overall crypto market cap, while Solana accounts for about 2%. Analysts attribute Solana’s recent performance to its previous overselling during market fluctuations, rather than a direct correlation to market demand. Solana is experiencing renewed interest due to upcoming conference events and network upgrades. In contrast, Bitcoin’s rise is connected to its narrative as a safe-haven asset amidst inflation and market uncertainty. Institutional interest in Bitcoin, particularly through the acceptance of Bitcoin ETFs, has further solidified its position in portfolios, indicating a shift in investor confidence compared to other cryptocurrencies.

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