While bitcoin catches its breath after its recent ascent past record highs, other digital assets are enjoying a Friday boost. Altcoins Surge Ahead as Bitcoin Takes a Breather: SOL, CRO, and Meme Coins Lead the Pack As of Nov. 8, the crypto market is coasting 2.09% higher than yesterday, totaling $2.57 trillion.

The rally just kept rolling along.

The crypto markets have risen above a minor consolidation as the Bitcoin price is heading back towards the ATH at $76,400. The traders have become more optimistic over the SOL price rally as the token remains within the top 5 dominant tokens in the market.

Yields on U.S. sovereign debt declined Thursday after the Federal Reserve eased monetary policy by slashing interest rates by 0.25 percentage points. What happened: The benchmark 10-year Treasury yield dropped by 0.8 basis points to 4.335%, while the yield on 2-year government bonds slid 2 basis points to 4.197%.

The ongoing rally of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) should not lead investors to believe that all cryptocurrencies will do equally well in a bull run, a new report found. What Happened: “Any coin or token that failed to rally at least 10% over the last week should likely be avoided,” the 10x Research analysts write in their latest report, urging investors to stay focused on selective assets that demonstrate resilience and growth potential.

Solana has broken through the $200 threshold for the first time in seven months of trading. The token's price saw a 8.69% rise as the crypto market rallies after the US election.

This is a major step in making Bitcoin (BTC) more accessible to people who use the Solana blockchain. For the first time, Coinbase has issued a token on Solana, and it's called cbBTC.

TL;DR Eclipse, the first hybrid Ethereum-Solana layer-2 network, has launched its mainnet, combining the speed and low transaction costs of Solana with the decentralization and liquidity of Ethereum. The network offers 60 decentralized applications (DApps) across various sectors, including DeFi, consumer apps, and gaming, attracting users and developers from both ecosystems.

Solana breaks $200 for the first time since April 1, thanks to Donald Trump securing U.S. Presidential election.

Solana (SOL) price, a Layer 1 blockchain, has recently demonstrated significant upward momentum in the cryptocurrency market. Since the beginning of November, SOL's price has surged by 21%, breaking a five-month high amid strengthening bullish sentiment.

Coinbase, the largest U.S.-based cryptocurrency exchange, announced the launch of cbbtc, its in-house developed wrapped bitcoin token, on top of the Solana network. Highlighting the significance of this move, Coinbase stated: “This is the first token Coinbase has issued on Solana, and with it, we're excited to bring easy access to BTC.

The successful breach of the crucial $200 mark by Solana represents a significant turning point in its recent upward trajectory. Strong momentum is indicated by this breakout, which has created the possibility of a push toward the market's all-time high (ATH), as sentiment on the market favors the upward trend continuing.

A retest of the $180-$190 area should be regarded as a buying opportunity.

Bitcoin (BTC) surged to a new all-time high, reaching $76,943, only a couple of days after it smashed its previous all-time high of $76,191, as markets continued their upward trajectory following Donald Trump's victory.

Coinbase said that cbBTC is the first token issued on Solana.

Coinbase launches its bitcoin-backed token cbBTC on Solana with $10 million initial deployment, marking its first native token on the blockchain and filling a two-year void in Solana's DeFi ecosystem left by FTX's collapse.

Solana has reached $200 per coin amid market optimism following Trump's election victory, Republican promises to protect crypto assets, and speculation about potential ETF approvals under the new administration.

Solana Optimistic Network (SOON) testnet now live with 30,000 TPS and 50ms block time.

In September, Coinbase unveiled cbBTC, a wrapped version of Bitcoin that enabled users to utilize their Bitcoin holdings in decentralized finance (DeFi) applications on Ethereum and Base without selling or converting to other cryptocurrencies.

Solana (SOL) price has surged past the $200 mark benefiting from recent Federal Reserve rate cuts and broader market optimism after Trump's election win.

Coinbase, the largest cryptocurrency exchange in the U.S., has announced the release of its wrapped Bitcoin token, cbBTC, on the Solana blockchain.

Joe McCann is the outspoken founder of Asymmetric, a top-performing crypto venture capital fund backed by investors including Marc Andreessen, Chris Dixon, and Circle.

South Korea's largest crypto exchange now supports DRIFT trading in KRW, BTC, and USDT, boosting access to Solana's DeFi ecosystem.

SUI Network's DEX trading volume is outpacing Solana's, raising questions about its long-term growth potential.

Following Donald Trump's victory in Tuesday's election, members of the crypto community are celebrating a renewed sense of hope for their ETF ambitions. The change in political leadership is seen as a potential turning point for the approval of cryptocurrency ETFs focused on altcoins such as Solana, XRP and Litecoin.

Since rebounding from the support level above $122 in early September, Solana (SOL) price has gradually gained bullish momentum akin to Bitcoin (BTC). For the first time since mid-March, Solana price has consistently closed above the daily falling logarithmic resistance trend.

Crypto prices today stirred a whirlpool of speculations among market watchers globally, showcasing mixed price actions. While Bitcoin (BTC) maintained a trading session in the green at the $75K level, altcoins mainly reflected a turbulent market sentiment.

The launch of Eclipse is one of the most hyped network launches of the year, with the hybrid blockchain project securing over $65 million in funding prior to its launch on Nov. 7.

The deployment will allow users to utilize Bitcoin in Solana's burgeoning DeFi ecosystem, according to Coinbase.

Solana, which has seen strong on-chain activity over the past few months, climbed above the $200 mark to trade at $201 at one stage today.

Solana is surging on increasing confidence that spot ETFs will be approved under a Trump administration, all while Bitcoin breaks records.

Following its Ethereum-based debut, Coinbase said the token is now live on a speedy, layer-1 competitor.

Solana is making waves in the market as bullish sentiment propels it toward the crucial $194 resistance level. With positive pressure on its side, SOL is drawing attention from investors eager to see if this push will mark the beginning of a major breakout.

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SOL and BNB are battling for rank #4. While SOL currently holds the edge, a new ATH above $260 could cement its lead.

Bitcoin just made a new all-time high, but ether is the real winner here.

SOL is up more than 20% this week, and data suggests that the rally will continue.

Coinbase has just announced cbBTC, the very first Bitcoin-backed token on Solana. The newly minted SPL token is backed 1:1 by Bitcoin and held in Coinbase custody.

Solana (SOL) increased its fee production, reaching a new record in October. The chain surpassed Bitcoin (BTC) in fee production on a monthly basis.

Solana has finally broken through a crucial resistance level that has kept the price subdued for months, sparking fresh optimism among investors. However, the breakout has yet to be confirmed, leaving room for excitement and caution.

In the latest X post, veteran trader Peter Brandt shared a trader's perspective on Solana and Ethereum. He noted that both are poised for upside breakouts to join Bitcoin; however, he specifically pointed out Solana and urged the users to notice SOL breaking out into new highs. $ETHUSD vs.

Dogwifhat's (CRYPTO: WIF) underperformance has caught the attention of traders, who think better times are on the horizon for the canine-themed meme coin. What Happened: Despite falling prices, crypto trader asad sees the risk-to-reward ratio for a run to $10 for Dogwifhat as favorable.

The Solana and Ethereum debate has come up a lot in this market cycle, especially with SOL currently outperforming ETH. Veteran trader Peter Brandt has also weighed in on the conversation and provided insights into why SOL is ahead of ETH from a trader's perspective.

TL;DR Donald Trump's victory in the 2024 election improves the outlook for altcoin ETFs such as Solana, XRP and Litecoin. Trump has expressed support for cryptocurrencies, which has generated optimism on Wall Street that the SEC will approve these funds. Bitcoin price hit a record high following Trump's victory, supported by the president-elect's pro-crypto enthusiasm.

Solana has remained largely flat today, yet analysts are predicting that its recent momentum will be enough to propel it to a new ATH soon. The post Millionaire Trader Predicts Solana Breakout: $420 Target Once SOL Tops $200 appeared first on Cryptonews.

Solana (SOL) has become the fourth-largest cryptocurrency by market capitalization after seeing its price surge by more than 7% over the past week, to now have a total market cap of $88.28 billion, above BNB's $85.6 billion.

As Bitcoin (BTC) entered the price discovery phase following the historic victory of Donald Trump and other pro-crypto candidates in the US Senate and House of Representatives, the altcoin market – led by Dogecoin (DOGE), Ethereum (ETH), and Solana (SOL) have gained significant bullish momentum.