Bitcoin is approaching $26,500, Ethereum regains $1,675, and Solana is up 6%

Bitcoin increased by up to 2% to around $26,500, while Ethereum increased by more than 2% to reclaim the $1,650 mark.

Bitcoin and other crypto tokens were trading higher on Thursday, owing to renewed optimism in global markets. The rise in crypto mirrored a significant rise in regular markets. Nvidia handily above second-quarter earnings expectations, demonstrating that the bullish AI trend is here to stay and propelling the digital asset market higher.

Bitcoin was back in the purchasing zone, with the largest crypto coins gaining up to 2% to near $26,500 levels. However, its main rival, Ethereum, climbed more than 2% and reclaimed the $1,650 milestone. The price action in altcoins was positive.

The cryptocurrency market has risen in the last 24 hours. Despite being in the fear zone, the crypto fear and greed index has risen 4 points from yesterday to now stand at 41/100. Bitcoin has gained ground in the previous 24 hours after a prolonged downward trend in recent days.

The dYdX token has also seen significant volatility since yesterday. The world’s biggest decentralised derivatives exchange has increased by 10%, indicating that individuals are becoming interested in self-custodian exchanges.

On Thursday, all of the main crypto tokens were trading slightly higher. Solana gained approximately 6%, while Cardano gained more over 4%. Toncoin gained more than 3% on the day, while Tron, Polkadot, BNB, Dogecoin, and Shiba Inu gained 2% each.

The worldwide cryptocurrency market cap was trading much higher, reaching $1.06 trillion after gaining more than 2% in the last 24 hours. However, total trade volumes fell by nearly 1% to $33.73 billion.

Today, Bitcoin consolidated around the $26,000 mark. This could be due to the market’s expectation of a decision on the US Bitcoin Spot ETF.