Solana (SOL) has surpassed XRP and BNB to become the fourth-largest cryptocurrency, with a market capitalization of $48.4 billion, its highest in 20 months. The total value locked (TVL) on Solana has exceeded $1 billion, the first time since FTX's collapse in November last year.

The trading volume on the DEX platform of the Solana blockchain has increased significantly. On Friday (15/12), Orca, a decentralized exchange, facilitated $746 million in volume, which is a significant increase from the previous month's peak of $100 million. Meme-coins continue to have a significant impact on the crypto market. A recent surge in the value of a popular meme-coins resulted in its value skyrocketing. Like Bonk (BONK), a dog-themed meme-coin that now has a market cap of more than $1.2 billion. Additionally, Bitcoin (BTC) has experienced impressive gains and reached the $43,000 mark.

Bitcoin Price Analysis

Bitcoin (BTC) is exhibiting a sideways trend, fluctuating within the $40,500 to $44,500 range. The $40,000 level continues to serve as a robust support for BTC, showcasing its resilience. Despite ongoing efforts, the market is facing challenges in surpassing the significant resistance at the $45,000 mark.

This pattern indicates a consolidation phase, with traders closely monitoring key levels for potential breakout or breakdown. The persistence of BTC within this range suggests a cautious sentiment among investors, emphasizing the need for strategic observations.

Ethereum Price Analysis

ETH is undergoing a consolidation phase, with prices stabilizing between $2,350 and $2,150. Notably, the ETHBTC chart reveals Ethereum's relative affordability compared to BTC, suggesting a strategic accumulation opportunity, particularly around the $2,150 level. Traders should stay vigilant for potential market catalysts that could influence ETH's value.


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