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Bitcoin Holds $104,000 Range as Solana Struggles to Regain Momentum

  • Bitcoin is holding a $104,000 range after briefly spiking to $108,370 with a $2.07 trillion market cap.
  • BTC's 24-hour trading volume fell by nearly 16% to $40.69 billion, indicating consolidation.
  • Analyst Altcoin Sherpa believes Solana's best days might be behind it, not expecting it to outperform Bitcoin in the long term.
  • A chart shows Solana losing momentum relative to Bitcoin, particularly after failing to capitalize on its 2024 highs.
  • Bitcoin remains a dominant force in the crypto market amid regulatory clarity and institutional inflows through ETFs.
  • Solana, despite ongoing ecosystem growth, struggles to regain speculative dominance in the current cycle.
  • Investors are monitoring closely for a breakout above $108K in Bitcoin or a potential rotation back into altcoins.
  • However, it is suggested that SOL might not lead this altcoin resurgence.
  • BTC's market dominance and stability contrast with Solana's struggle to recapture momentum.
  • The article discusses Bitcoin's $104,000 range and Solana's challenges in regaining traction in the current market environment.

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