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Monday started on a positive note for bitcoin as it jumped to a new multi-month peak of $69,500 but failed to continue upward toward the coveted $70,000 level.
Some altcoins have charted gains over the past day, which has helped the total crypto market cap near $2.5 trillion for the first time since July.
<h2 id="btc-still-can-t-touch-70k">BTC Still Can’t Touch $70K</h2>
The past week or so went quite positively for the primary cryptocurrency. It began with a price surge from $62,400 to $66,400 last Monday before the bulls and the bears collided on Tuesday in a move that resulted in massive $3,000 fluctuations.
However, the <a href="https://cryptopotato.com/will-bitcoin-repeat-history-on-chain-data-suggests-a-q4-breakout-cryptoquant/" data-wpel-link="internal" rel="noopener noreferrer nofollow">bulls</a> turned out to be the winners of this battle and continued to push the asset north. The weekly <a href="https://cryptopotato.com/bitcoin-explodes-above-68k-as-dogecoin-leads-altcoin-gains-this-weeks-crypto-recap/" data-wpel-link="internal" rel="noopener noreferrer nofollow">culmination</a> came on Friday when BTC touched $69,000 for the first time since late July.
The weekend was expectedly <a href="https://cryptopotato.com/apecoin-ape-returns-to-top-100-alts-bitcoin-btc-maintains-68k-weekend-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">calmer</a>, with bitcoin trading sideways around $68,500. However, it went on the offensive during the early Asian trading hours on Monday when it pumped to $69,500 to chart a new three-month peak.
Still, it failed to overcome that level and continue toward $70,000 and the subsequent rejection pushed it south by around a grand. Nevertheless, its market cap remains above $1.350 trillion, while its dominance over the alts has taken a major hit and is down to 54.5% from 55.1%.
<figure id="attachment_367116" aria-describedby="caption-attachment-367116" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-15.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-367116" src="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-15.png" alt="Bitcoin/Price/Chart 21.10.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-15.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-15-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-15-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-15-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-15-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/BTCUSD-15-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-367116" class="wp-caption-text">
 Bitcoin/Price/Chart 21.10.2024. Source: TradingView
 </figcaption>
</figure>
<h2 id="sol-up-5-5">SOL Up 5.5%</h2>
The biggest gainer yesterday in the crypto industry was ApeCoin’s APE. The asset <a href="https://cryptopotato.com/after-surging-by-110-daily-can-apecoin-ape-break-its-all-time-high/" data-wpel-link="internal" rel="noopener noreferrer nofollow">exploded</a> by triple digits daily and soared to a six-month high of $1.7 before retracing to its current level of around $1.5. This came after a major development <a href="https://cryptopotato.com/the-reason-behind-apecoins-ape-66-daily-surge-details/" data-wpel-link="internal" rel="noopener noreferrer nofollow">announced</a> by the team.
Most alts are with minor gains today, with ETH soaring past $2,700 after a 3% increase. BCH, LINK, UNI, and ADA have marked similar price jumps, while SOL has emerged as today’s top performer from the larger-cap alts.
These gains have helped the total crypto market cap add around $35 billion overnight. The metric is now close to $2.5 trillion for the first time in about three months.
<figure id="attachment_367119" aria-describedby="caption-attachment-367119" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-21-113921.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-367119" src="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-21-113921.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1881" height="824" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-21-113921.png 1881w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-21-113921-300x131.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-21-113921-1024x449.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-21-113921-768x336.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-21-113921-1536x673.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/Screenshot-2024-10-21-113921-50x22.png 50w" sizes="(max-width: 1881px) 100vw, 1881px"></a>
 <figcaption id="caption-attachment-367119" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/solana-sol-rises-6-daily-bitcoin-btc-stopped-ahead-of-70k-market-watch/" rel="noopener noreferrer nofollow">Solana (SOL) Rises 6% Daily, Bitcoin (BTC) Stopped Ahead of $70K (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Solana (SOL) Rises 6% Daily, Bitcoin (BTC) Stopped Ahead of $70K (Market Watch)

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