Hassan Maishera
TL;DR
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BTC is up by more than 3% over the last 24 hours and is now trading above $69k per coin.
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Solana has surpassed BNB to become the fourth-largest cryptocurrency by market cap and is now trading above $190.
BTC Approaches $70k as Solana Flips BNB
The cryptocurrency market has completely recovered from last week’s bearish run after rallying by more than 3% over the weekend. The rally comes following Trump’s speech at the Bitcoin Conference in Nashville.
Republican candidate Donald Trump revealed that the United States of America will be the center of the crypto world if he is elected president. He added that one of his first tasks in office would be to sack the current SEC chairman Gary Gensler.
Trump further promised to maintain a "strategic national bitcoin reserve" and "never sell" the government's seized bitcoin.
Bitcoin has now added more than 3% to its value over the last 24 hours and is now trading above $69,500 per coin. If the rally is sustained, BTC could break above the $70k psychological level in the short term.
Altcoins are also in the green, with most of them up by 3% or more. Ether added 4% to its value on Sunday and is now approaching $3,400. SOL, the native coin of the Solana blockchain, has successfully flipped Binance’s BNB token to become the fourth-largest cryptocurrency by market cap.
At press time, SOL is trading at $192 and has a market cap of $89 billion. BNB occupies the fifth position in the market with an $86 billion market cap. Thanks to the rally, the total cryptocurrency market cap is now approaching $2.5 trillion.
