Solana reclaims $24 level as Bitcoin soars to 70-day high By Investing.com
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© Reuters.
The global cryptocurrency market witnessed a surge on Tuesday, with hitting a 70-day high at over $28,000, a 4% increase. The surge was driven by a false spot ETF approval report circulating on social media, which was later corrected by Blackrock (NYSE:). The firm’s Bitcoin ETF application remains under review, CoinTelegraph reported.
This misinformation led to a quick $65 million liquidation, according to the report.
In addition to Bitcoin’s rise, several altcoins also posted gains. made a nearly 7% single-day jump, reclaiming its position above the $24 level. Polygon experienced a 3% increase while Tron, and BNB each added 2%. Conversely, and recorded losses.
The overall global cryptocurrency market cap reached $1.09 trillion as trading volumes skyrocketed over 220% to $62.5 billion.
Solana’s performance drew particular attention. WazirX Trade Desk (NASDAQ:) provided insights on the project. Solana Foundation’s decentralized finance solutions are the driving force behind the cryptocurrency’s success.
Meanwhile, managed to gain 2%, but it remained under the $1600 mark.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters.
The global cryptocurrency market witnessed a surge on Tuesday, with hitting a 70-day high at over $28,000, a 4% increase. The surge was driven by a false spot ETF approval report circulating on social media, which was later corrected by Blackrock (NYSE:). The firm’s Bitcoin ETF application remains under review, CoinTelegraph reported.
This misinformation led to a quick $65 million liquidation, according to the report.
In addition to Bitcoin’s rise, several altcoins also posted gains. made a nearly 7% single-day jump, reclaiming its position above the $24 level. Polygon experienced a 3% increase while Tron, and BNB each added 2%. Conversely, and recorded losses.
The overall global cryptocurrency market cap reached $1.09 trillion as trading volumes skyrocketed over 220% to $62.5 billion.
Solana’s performance drew particular attention. WazirX Trade Desk (NASDAQ:) provided insights on the project. Solana Foundation’s decentralized finance solutions are the driving force behind the cryptocurrency’s success.
Meanwhile, managed to gain 2%, but it remained under the $1600 mark.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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