Ethereum (ETH) operates up 8%, Solana (SOL) takes off 15% and Bitcoin (BTC) goes above $38K

Charlie Taylor

The cryptocurrency market woke up in a good mood this Tuesday (1/2) and a protagonist who has not stood out in a long time appeared: Ethereum (ETH) operates up 8.2% and sells at $ 2,742, according to data. from CoinGecko. The second-largest cryptocurrency on the market is showing a vigorous climb this week. The valuation is 12% […]

The post Ethereum (ETH) operates up 8%, Solana (SOL) takes off 15% and Bitcoin (BTC) goes above $38,000 appeared first on Portal do Bitcoin.

The cryptocurrency market woke up in a good mood this Tuesday (1/2) and a protagonist who has not stood out in a long time appeared: Ethereum (ETH) operates up 8.2% and sells at $ 2,742, according to data. from CoinGecko.

The second-largest cryptocurrency on the market is showing a vigorous climb this week. The appreciation is 12% in the last seven days.

But the strongest growth at the moment is Solana (SOL), which operates at a high of 15.6%, sold at US$ 104.

This dynamic has a lot to do with the fact that Coinbase, the main exchange in the United States, has listed two tokens that were developed with Solana as a fundamental layer. ORCA and IFAD will soon be available at the brokerage.

Traffic issues with Solana

Solana recently went through two blackouts due to high traffic on their networks and the team developing the project itself admitted that operations were slow.

Solana's status website showed a "partial outage" for nine days in January, citing either "degraded performance" or "network instability" as a reason for the instability.

“The network has not experienced any downtime since September,” said Anatoly Yakovenko, co-founder and CEO of Solana Labs. “Despite this, today, the user experience is not what it should be.”

These episodes made the price of SOL drop more than the others. And the logic is that the more devalued an asset becomes, the more impacting the rise can be, often in double digits – because the calculation basis was profoundly altered.

Bitcoin and the bull market

Bitcoin (BTC) is up 2.7% at $38,236. The Bitcoin Price Index (IPB) is at BRL 204,575.

The main cryptocurrency on the market shows a recovery: exactly one day ago, Monday (31/1), Bitcoin was down 2.4% and sold at $37,255.

Now hodlers, maximalists and the market are starting to dream about $40,000 again.

All top 20 cryptocurrencies by market cap are up: Binance Coin (+2.8%), Cardano (+2.9%), XRP (+5%), Polkadot (+9.9%), Dogecoin ( +3.4%), Avalanche (+5.4%), Shiba Inu (+3.7%) and Cosmos (+11%).

The post Ethereum (ETH) operates up 8%, Solana (SOL) takes off 15% and Bitcoin (BTC) goes above $38,000 appeared first on Portal do Bitcoin.

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