Dogecoin, Solana and Ethereum Spike as Bitcoin Hits Monthly High
Bitcoin reached a monthly high on April 22, nearing $93,000, while major altcoins like Dogecoin, Solana, and Ethereum experienced significant gains. Dogecoin rose about 12% to $0.178, recovering from a prior slump after hitting $0.48 last December. Ethereum also saw a substantial increase, climbing to $1,758, up 11% on the day, despite a 15% decline over the past month. Solana was trading at about $148, reflecting an 8.97% rise, nearing its recent highs. Other notable gainers included Sui, which spiked 11%, and meme coin Fartcoin, which surged by 20%. The optimism in the market followed Bitcoin's performance after a recovery from a recent drop influenced by geopolitical tensions. Bitcoin's price resilience has been notable amid fluctuating U.S.-China trade relations, suggesting a potential shift in investor sentiment towards cryptocurrencies. Overall, this market update highlights the continued volatility and rapid shifts in the altcoin landscape alongside Bitcoin's recovery.
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