Major altcoins gain ground, closing in on bitcoin's week-long rally

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Solana led an altcoin rally that follows bitcoin's week of steady gains, with the token posting a 25% gain in the past week.

Solana is leading an altcoin rally that follows bitcoin's week of steady gains. Sol has posted a 25% gain in the past week, outperforming other blue-chip cryptocurrencies on a day that saw the market capitalization of the entire sector increase by over 3%.

Ryze Labs Co-Founder Matthew Graham sees the recent rally as reflecting a shift in perception as Solana's technology continues to mature. "Tight policy is putting downward pressure on economic activity and inflation," Powell said during a discussion at the Economic Club of New York.

 

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