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Solana Dominance

SOL is breaking out to new cycle highs.

Jack Inabinet
Mar 7, 2024 • 2 min read

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How high? The Risk Rally continues as asset prices march upwards and onwards in the pursuit of higher highs.

Both the broad market S&P 500 and tech-heavy Nasdaq 100 touched new all-time highs today and BTC is still on track for its second highest daily close ever! What crypto assets are making outsized gains and showing signs of strength?

Bitcoin dominance has been on the rise since late January as spot BTC ETF inflows accelerated and drove outsized gains, but has found itself in decline since Monday, falling by 1.5% to retest its March monthly lows.

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Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.