Bitcoin is getting close to $26,500, Ethereum gets $1,675, and Solana rises 6%

Bitcoin increased by as much as 2% to levels near $26,500, while Ethereum increased by more than 2% and reclaimed the $1,650 level.

In line with the rekindled confidence in the global markets, Bitcoin and other crypto tokens were trading with respectable gains on Thursday. Gains in cryptocurrencies tracked a significant upward movement in traditional markets. Nvidia easily above second quarter earnings forecasts, demonstrating the optimistic AI trend is here to stay and driving up the value of digital assets.

The largest cryptocurrency tokens increased by as much as 2% to levels close to $26,500, bringing Bitcoin back into the purchasing action. However, Ethereum, its biggest rival, increased by more than 2% and reclaimed the $1,650 level. The altcoins’ price movement was on the upward side.

In the previous day, the cryptocurrency market has improved. The cryptocurrency fear and greed index has increased 4 points from yesterday, scoring 41/100 despite still being in the fear zone. After a prolonged downward movement over the previous few days, Bitcoin has experienced advances over the past 24 hours.

Since yesterday, the dYdX token has also experienced some noteworthy fluctuation. The 10% increase in the world’s largest decentralised derivatives exchange suggests that interest in self-custodian exchanges has begun to grow. Watch out for more DEX tokens if BTC moves sideways.

On Thursday, all other major cryptocurrency tokens were trading noticeably higher. Cardano increased by more over 4%, while Solana increased by about 6%. Tron, Polkadot, BNB, Dogecoin, and Shiba Inu each saw daily gains of 2%, while Toncoin gained more than 3%.

The market capitalization of all cryptocurrencies was trading noticeably higher, climbing to the $1.06 trillion level as it increased by more than 2% over the previous day. The entire trading volume, however, fell by nearly 1% to $33.73 billion.

Today, Bitcoin’s price stabilised around the $26,000 mark. This might be due to the market’s expectation of a ruling regarding the US Bitcoin Spot ETF. The price of Ethereum is still above $1,600.