Bitcoin Shoots Up to $44K, Solana and Cardano Lead Altcoin Revival (Market View)

Bitcoin's rally around $42,000 has finally ended, with the asset's price jumping to $44,000.

Most alternative coins such as Solana and Cardano have followed suit with even more impressive gains than the mainstream currency.

BTC sees the $44k mark.

Last weekend and the first day of the new week was relatively quiet for Bitcoin, with the price hovering between $41,000 and $42,500.

However, the rally ended several hours ago when BTC pushed up to $43,600 (per CoinGecko data). Soon the property's value dropped slightly, standing at around $43,400 as of this writing.

CryptoPotato reports that the latest push resulted in more than $110 million in liquidity, with BTC transactions accounting for almost 40% of the total.

Bitcoin's market capitalization briefly rose to about $860 billion before settling back to its current level of $850 billion. His dominance 52.6% over altcoins (3% increase on weekly basis).

SOL and ADA take center stage

Most of the leading alternative coins also impressed today (January 30). Solana (SOL) rose 6% to its $100 target, while Cardano's ADA rose 8% to $0.53.

Meanwhile, Sui (SUI) reached an all-time high of $1.64 following the partnership between Banksa and SUI Wallet. Its market cap has risen to $1.8 billion, making it the 48th largest digital asset.

Other major alts including Ethereum (ETH), Ripple (XRP), Avalanche (AVAX), Dogecoin (DOGE), Polkadot (DOT) and Polygon (MATIC) are also in the green, albeit to a more modest extent.

The total cryptocurrency market capitalization increased by almost $50 billion in the last 24 hours, which is currently equivalent to $1.75 trillion.