Following a stable course in the cryptocurrency market Bitcoin (BTC) 
$66,872 While and other major cryptocurrencies had a quiet week, Solana (SOL) made a big jump. SOL gained 5 percent in value in the last 24 hours, reaching $173. It recorded a 14 percent increase on a weekly basis. Bitcoin’s market dominance reached over 57 percent, reaching the highest level since April 2021. This shows that investors are turning to Bitcoin, which has lower volatility. However, some analysts give bearish signals in the short term.
Bitcoin’s Market Dominance Is Increasing
Recently, Bitcoin has been attracting more attention than other cryptocurrencies. With this increase in interest BTC‘s total share in the cryptocurrency market increased to 57.3 percent. Experts state that this situation reinforces Bitcoin’s market leadership, but there is uncertainty in price movements.
Senior market analyst from FxPro Alex KuptsikevichHe stated that Bitcoin retreated 4 percent from its last peak and the price is trying to find support at the $ 66,800 level. Kuptsikevich warned that if this level is broken, there may be a drop to 65 thousand 500 dollars. Ethereum (ETH) as well as BTC 
$2,522BNB Chain (BNB), XRP (XRP) and Dogecoin 
$0.137487 Other major cryptocurrencies such as (DOGE) are following a mixed course.
The Solana Ecosystem is in Revival
The Solana network has seen a significant increase in activity in recent weeks. The rapid popularity of artificial intelligence-themed memecoin projects has created a large trade volume in the Solana ecosystem. pop cat (POPCAT) and bonk Memecoins such as (BONK) attracted attention with price increases of up to 70 percent. At the same time, the trade volume brought by these projects increased Solana’s revenues and reached record levels.
Solana based token issuance platform pump.fun SOL sales worth $6 million were made on Monday alone, through transactions made through . With these sales, the platform’s total revenue exceeded 78 million dollars.
The number of new coins in the Solana ecosystem is also increasing rapidly. More than 40 thousand new coins were created in the last 24 hours. While the number of active addresses reached 85 thousand, 37 thousand of these addresses consist of new wallets. this situation solana It shows strong demand in its network.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
