#BTC
Bitcoin has surged past $87,000, marking a significant rebound and signaling renewed bullish momentum in the crypto market. This rally is fueled by a combination of factors, including institutional investments and macroeconomic influences.
In tandem, Solana is experiencing its own upward trajectory, trading above $140. The SOL/BTC trading pair has seen a volume of 1,200 BTC, indicating strong cross-market activity.
Notably, Meta planet has announced the purchase of 330 BTC, worth $28 million, as Bitcoin's price surged above $87,300. This marks Metaplanet's third Bitcoin purchase this month, making it the tenth-largest public holder of BTC.
However, while SOL/USD shows strength, the SOL/BTC pair tells a different story. Trading at 0.00158 BTC, the pair has dropped 23% in April and is down 54% year-to-date, indicating a potential shift in momentum.
This dynamic suggests that while Bitcoin is currently leading the market rally, Solana's performance against Bitcoin is an important metric to watch for future market shifts.
