Oct 28, 12:18 PM

Solana Leads Crypto Gains, Bitcoin Nears $70K

The cryptocurrency market has seen significant movements recently, with several major tokens experiencing notable gains. Solana (SOL) continues to outperform, reaching $178 with a 5% increase, and leading the top gainers list alongside RAY, AERO, JUP, KAS, and RUNE. Bitcoin (BTC) has shown bullish signs, crossing over its 50-100 EMAs and approaching the $70,000 level, currently priced at $68,700. Ethereum (ETH) also saw a rise, hitting a new all-time high at 0.07 SOL. Meanwhile, meme coins like DOGE and ai16z have surged, with DOGE jumping 4% and ai16z reaching $80M. Additionally, Tether has boosted its reserves with over 82,000 BTC, and Hong Kong is preparing crypto tax incentives. In other developments, FTX has reached a $228 million settlement with Bybit amid bankruptcy efforts.