Today, most altcoins are calmer than yesterday, while Solana jumped to almost € 40, a two-month high.
A bitcoin price of €21K is still in place
It was a volatile start to November for the primary cryptocurrency. Federal Reserve raised interest rates by 75 basis points on Wednesday, taking it from € 20,800 to € 20,000 within minutes.
Bitcoin, however, helped to maintain its € 20,000 level at this point thanks to the bulls stepping in at this point. The higher-than two days later pushed the asset north, and BTC had reached € 21,000 by then.
Even though Bitcoin initially failed at that line, the cryptocurrency eventually managed to reclaim it late on Friday. Bitcoin also reached a multi-month high on Saturday at € 21,500.
As of now, its market capitalization is north of € 400 billion, and it is still above € 21,000. Despite its dominance over altcoins, its share is 38.6%.
Solana’s Recent Google-Induced Run
The alternative coins were on an impressive run as of late but have calmed now. Ethereum still stands above €1,600 after a minor retracement. Similar price declines are also evident from Ripple and Cardano.
Dogecoin has seen about 3% of its value drop in the past 24 hours, while MATIC and Shiba Inu are down by 2%.
After Google announced that it ran a validator node, Solana is among the best performers among the larger-cap alts. The price of Sol jumped to almost € 40 for the first time since September.