Solana's SOL currently leads the major cryptocurrencies, as Bitcoin briefly crossed the $50,000 mark, re-igniting bullish sentiment among traders. SOL increased by 8%, Ethereum's ETH rose 6.6%, and Bitcoin experienced buying interest as the New York market opened on Monday. Meanwhile, Avalanche's AVAX went up by 6%, with Binance Coin and Cardano's ADA seeing a relatively smaller 3% rise.
The CoinDesk 20, an index of the top twenty cryptocurrencies, saw a 4% rise in value. Some tokens linked to the Ethereum ecosystem experienced up to a 7% increase after financial services company Franklin Templeton announced plans for a spot ether ETF.
However, the increase in cryptocurrency values appears to contrast with Google's search interest for Bitcoin, which is at a historical low compared to the cryptocurrency's price. This suggests there may be a lack of retail interest in the topic. Analysts warn this could indicate that short-to-medium-term price retracements are still a possibility.
