Solana Breaks Out to New Cycle Highs

The latest price moves in crypto markets in context for November 18, 2024.

Price movements in major cryptocurrencies on Friday morning:

Bitcoin (BTC) slipped below the key threshold of $90,000. BTC was trading down 0.34% over the past 24 hours at $90,660.93 by early U.S. trading hours.

Bitcoin's price has largely stalled in the past week after a monster rally of over 150% since Donald Trump's election victory, with the token hitting record highs almost every trading day. However, some analysts are predicting BTC could potentially climb as high as $200,000.

Crypto markets have outperformed traditional markets, with the S&P 500 down 1.32%.

Meanwhile, solana (SOL) continued its outperformance, adding 4.3% to hit highs of $240.34. SOL is now up over 200% in the past month.

The broader crypto market was also in the green. The CoinDesk 20 Index, a measure of the performance of the 20 largest cryptocurrencies by market capitalization, was trading up 1.66% over the past 24 hours.

Crypto markets scan on Friday

Solana (SOL) outperformed major cryptocurrencies on Friday morning, hitting highs of $240.34. SOL was up 4.3% in the past 24 hours, outpacing the CoinDesk 20 Index's 1.66% gain.

Bitcoin (BTC) pulled back slightly to just above $90,000 before U.S. trading hours as investors digested the monster rally to record highs. BTC was trading down 0.34% at $90,660.93.

Still, the largest cryptocurrency's pause may be only temporary: BTC may potentially climb as high as $200,000, according to BCA Research analysis of fractal patterns.

Solana's outperformance comes amid rising interest in the network's high throughput and low transaction fees. SOL is now up over 200% in the past month.

Here are the latest prices for major cryptocurrencies on Friday morning:

Bitcoin (BTC): $90,660.93 -0.34%

Ether (ETH): $3,085.79 -1.21%

Solana (SOL): $240.34 +4.31%

Cardano (ADA): $1.64 +0.08%

Binance Coin (BNB): $1,000.04 +0.04%

XRP (XRP): $1.17 -0.06%

Dogecoin (DOGE): $0.26 -0.16%

Polygon (MATIC): $1.84 +0.22%

Shiba Inu (SHIB): $0.000060 -0.08%

Avalanche (AVAX): $40.60 +0.23%

Top crypto gainers and losers on Friday morning

The broader crypto market was also in the green on Friday morning. The CoinDesk 20 Index, a measure of the performance of the 20 largest cryptocurrencies by market capitalization, was trading up 1.66% over the past 24 hours.

However, some major cryptocurrencies were lagging behind. Ether (ETH) fell 1.21% to $3,085.79, while XRP (XRP) dropped 0.06% to $1.17.

On the other hand, solana (SOL) soared 4.31% to hit highs of $240.34. SOL is now up over 200% in the past month.

Here are the top crypto gainers and losers on Friday morning:

Top crypto gainers

Solana (SOL): $240.34 +4.31%

Chainlink (LINK): $26.04 +3.06%

Bitcoin SV (BSV): $206.03 +2.88%

Crypto.com Coin (CRO): $0.82 +2.78%

Solana (SOL): $240.34 +4.31%

Top crypto losers

Theta Fuel (TFUEL): $0.20 -4.38%

Theta Network (THETA): $3.04 -3.83%

Ether (ETH): $3,085.79 -1.21%

XRP (XRP): $1.1