BITCOIN HOLDS $73K; SOLANA JUMPS 14% TO 2-YEAR PEAK 

BNB experiences significant growth, surpassing $600 for the first occasion in over two years.

Bitcoin recently reached a new record high, almost touching $74,000 after a brief dip below $72,000 the previous day.

Alternative cryptocurrencies such as Solana and Binance Coin have also seen notable increases, reaching their highest values in years over the last 24 hours.

Bitcoin Approaches $74K

Bitcoin experienced a strong finish to last week, exceeding $70,000 for the first time on Friday. This surge was shortly followed by a dip that reduced its value by more than $3,000.

Nonetheless, Bitcoin managed to regain momentum over the weekend, stabilizing near $69,000. The start of Monday saw a further increase, pushing its value above $72,000 to set a new all-time high at that moment. This was succeeded by another slight decline, bringing Bitcoin’s value down below $69,000.

Yet, the bullish momentum persisted over the past few weeks, leading to a swift recovery. This recovery effort led to a significant price increase, bringing Bitcoin to over $73,000 and reaching its current all-time high of $73,800.

Currently, Bitcoin’s price is just above $73,000, with a market capitalization nearing $1.450 trillion. Its dominance in the cryptocurrency market has slightly decreased to 49.6%.

SOL and BNB Experience Significant Gains

Ethereum has seen a decrease in momentum after initially surging above $4,000, with a near 2% drop over the past 24 hours, now valued just below that mark.

Binance Coin (BNB), conversely, has shown impressive performance, with a 7% increase over the past day and a 40% rise over the week, now trading at a two-year high of over $600.

The native token of Solana has also achieved a multi-year high, now valued at above $170, after a 13% increase over the past day.

Dogecoin has seen an 8% increase following the latest endorsement by Elon Musk. Other cryptocurrencies like AVAX, ADA, DOT, and BCH have also seen substantial gains.

The total market capitalization of cryptocurrencies has seen a slight increase, now exceeding $2.9 trillion, according to CoinGecko.

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