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CDS Crypto News Weekend Whirlwind: Solana’s Rally Rattles Markets, Bitcoin Rebounds

Crypto News

Weekend Whirlwind: Solana’s Rally Rattles Markets, Bitcoin Rebounds

While Bitcoin catches its breath, Solana is sprinting ahead with a 7% gain in the last 24 hours. Meanwhile, Bitcoin is cooling off, down 7% from its recent all-time high. Looks like Solana's got its running shoes on while Bitcoin's taking a little break.

Ecem EFE18/03/20241 Mins read365

Crypto News- Wow, what a wild ride for Bitcoin over the weekend! It went from hitting an all-time high of $72,760 on Thursday to slipping down to $64,550. Talk about a rollercoaster! Right now, it’s clawing its way back up to around $68,300, but man, there were some heart-stopping swings between 3% to 7% all through the weekend.

Weekend Whirlwind: Solana’s Rally Rattles Markets, Bitcoin Rebounds

You know, Bitcoin’s been pretty chill on weekends ever since those ETFs launched in the US earlier this year. But hey, 2023 was like a snooze fest compared to this. Most weekends were flatter than a pancake, with hardly any action beyond 2-3% swings.

Check out those charts! Saturdays and Sundays were like little blips on the radar compared to this weekend’s crazy spikes. And Bitcoin’s fear and greed index? Still in the ‘extreme greed’ zone, though it’s calmed down a bit from last week’s frenzy.

But hey, it’s not just Bitcoin stealing the spotlight. The whole market’s looking pretty green today, with Solana leading the pack with a whopping 36% jump in the past week. Talk about making moves! Dogecoin, Cardano, and Ethereum are still trying to catch their breath and haven’t quite bounced back to their highs, but hey, at least Bitcoin and BNB Chain are hanging in there within 20% of their all-time highs.

And over in the US market? Well, looks like we might be in for a little dip if things hold steady. About a 2% gap down if the current levels stick around for the next 16 hours. Buckle up, folks, looks like the crypto coaster’s got a few more twists and turns in store!

Sources:cryptoslate

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Written by

Ecem EFE

Since 2022, Ecem has been creating digital content, combining her passion for technology with writing. Continuing her education in the Mathematics department, Ecem focuses on producing in-depth content on areas such as blockchain, artificial intelligence, and cryptocurrency. She aims to simplify these topics and present them to a wide audience, sharing valuable insights into the crypto industry through her writing. With her innovative content, she strives to raise awareness in the digital world.