- The BTC price faced a brief pullback and is now currently trading at $29,784.
- Altcoins like SOL, TON, and HBAR surged once BTC hit $30K.
The crypto community is excited as once again Bitcoin (BTC) touched $30K. Although the price has faced a brief pullback and is now currently trading at $29,784.76 as per CoinMarketCap, at the time of writing. As soon as BTC touched the surface of $30K, the bulls and the bears in the market stood for a fierce battle.
Whereas, the analytics platform, Santiment reports that other cryptocurrencies like Solana (SOL), Toncoin (TON), and Hedera (HBAR) have shown a similar price rally. Altcoins like these are leading the way with price surges, depicting bullish momentum.
📈 With #Bitcoin's push back above $30k instilling confidence in #crypto markets, many #altcoins are showing signs of life. Keep an eye on #FOMO levels if prices continue pushing forward for the day, with $SOL, $TON, & $HBAR among the surging assets creating #bullish narratives. pic.twitter.com/n0YpmXvQP4
— Santiment (@santimentfeed) August 8, 2023
Moreover, Ethereum (ETH) price also gained momentum and reached the $1872 mark. However, similar to BTC, it faced a brief pullback and is now trading at $1852. The trading volume of ETH witnessed a 19.71% surge in the last 24Hr.
Will Altcoin Season Sustain For a Long Time?
According to CoinMarketCap, SOL is trading at $24.88 over a 6.62% surge in the last 24Hrs. Thereby, the market cap crossed more than $10B with its trading volume of around $570M at an increase of 59.03% over a day.
Next, TON has witnessed a 5.32% surge and is trading at $1.29. And, the trading volume has also witnessed gains compared to the previous day, standing at an increase of 22.61% worth $29M over a market cap of around $4.5B. This shows that the traders are involved in purchasing and selling these altcoins following a bullish sentiment amid FOMO.
Lastly, HBAR is fluctuating over the day and is currently trading at $0.06165 a 4.05% surge in the last 24 hours. Also, it witnessed an increased trading volume of about 48%. HBAR is showing bullish traits amid positive market momentum.
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