đ BTC gains +5.4% in a single day and surges to $84,600; SOL leads the way: last nightâs legislative concerns have been put on pause by the market, which is driven by capital today
24h actual spot data (19:26, Binance):
¡ $BTC: 84,683 (+5.38%), range 80,328â85,300
¡ $ETH: 2,721 (+5.83%)
¡ $BNB: 789 (+5.06%)
¡ SOL: 116.38 (+7.68%), with the four major coins leading
We discussed last night how the CLARITY bill was blocked and how the CFTC has shifted to independently moving forward with rulemaking. Today, the market responded first: the bearish news hasnât really taken effect yet, and funds continue to flow back into risk assets.
A signal worth noting: according to a CoinDesk roundup, BTC has regained the 50-week moving average. Historically, this level has repeatedly corresponded to the start area of medium-term trends. But a broad-based up day doesnât automatically equal trend confirmationâwhether it can hold above $85,000 depends on whether trading volume and fund flows can sustain.
The earlier question of âwhether SOL can hold above $100â also has an initial answer: today it led among major coins with a +7.68% gain.
In this broad rally, do you think itâs a trend restart or a rebound thatâs topping out?
Discuss in the comments đ
Not investment adviceâDYOR
#Bitcoin #Crypto #Solana
24h actual spot data (19:26, Binance):
¡ $BTC: 84,683 (+5.38%), range 80,328â85,300
¡ $ETH: 2,721 (+5.83%)
¡ $BNB: 789 (+5.06%)
¡ SOL: 116.38 (+7.68%), with the four major coins leading
We discussed last night how the CLARITY bill was blocked and how the CFTC has shifted to independently moving forward with rulemaking. Today, the market responded first: the bearish news hasnât really taken effect yet, and funds continue to flow back into risk assets.
A signal worth noting: according to a CoinDesk roundup, BTC has regained the 50-week moving average. Historically, this level has repeatedly corresponded to the start area of medium-term trends. But a broad-based up day doesnât automatically equal trend confirmationâwhether it can hold above $85,000 depends on whether trading volume and fund flows can sustain.
The earlier question of âwhether SOL can hold above $100â also has an initial answer: today it led among major coins with a +7.68% gain.
In this broad rally, do you think itâs a trend restart or a rebound thatâs topping out?
Discuss in the comments đ
Not investment adviceâDYOR
#Bitcoin #Crypto #Solana
