Ethereum

Rally

Solana

Bitcoin

<ul>
 <li>Bitcoin’s price surge paused on Thursday, dropping from nearly $45,000 to $43,000.</li>
 <li>ETH climbed 6%, and SOL surged by more than 14.5% in the last 24 hours.</li>
</ul>
On Thursday, the Bitcoin (BTC) rally hit a snag, <a href="https://thenewscrypto.com/el-salvador-offers-citizenship-on-1m-investment-in-bitcoin-or-usdt/" target="_blank" rel="noopener noreferrer nofollow">making way</a> for other major cryptocurrencies like Ethereum (ETH) and Solana (SOL) to surge to a new 19-month high, spearheading the ongoing crypto market rally.
In the past 24 hours, Ethereum (ETH) has witnessed a 6% increase, currently trading at $2,356, while Solana (SOL) has surged over 14.5%, surpassing the $71 mark.
<h3 class="wp-block-heading" id="h-bitcoin-btc-trapped">Bitcoin (BTC) Trapped?</h3>
After reaching a <a href="https://thenewscrypto.com/bitcoin-crosses-44k-amidst-golden-cross-buzz-whats-next/" target="_blank" rel="noopener noreferrer nofollow">recent peak</a> of nearly $45,000 earlier in the week, Bitcoin experienced a dip to $43,000 during the day. This downward movement suggested that traders were taking profits following Bitcoin’s significant breakout from the $38,000 mark just a week ago.
Further, crypto analytics firm Santiment noted that the flattening of BTC’s price coincided with an increasing number of traders expressing concerns about a potential “bull trap.” This term refers to a brief market gain that lures investors before a substantial decline. The growing uncertainty among traders could potentially contribute to Bitcoin’s upward momentum, pushing it beyond the $50,000 threshold.
Bitcoin has witnessed a significant surge of over 60% since mid-October, <a href="https://thenewscrypto.com/jack-dorsey-led-block-unveils-self-custody-bitcoin-wallet/" target="_blank" rel="noopener noreferrer nofollow">fueled</a> by speculation that the Securities and Exchange Commission (SEC) was nearing approval of ETF applications from industry giant BlackRock.
However, BTC failed to breach $44,500 resulting in minor corrections. At the time of writing, Bitcoin is valued at $43,202 with a 24-hour trading volume of $25.1 billion. This reflects a 24-hour price decrease of 1% and a 7-day price increase of 11.86%.&nbsp;

Ethereum and Solana Lead Crypto Rally as Bitcoin Faces Correction

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TheNewsCrypto

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