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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Reflecting continued recovery momentum in digital assets, the cryptocurrency market saw a collective rally led by Solana. According to reports, Bitcoin maintained critical support levels above $64,000, while Ethereum neared the $1,674 mark. Solana emerged as the top performer among major coins with a weekly gain of 4.97%, as markets reacted to geopolitical commentary and absorbed the impact of a $2.5 billion options expiry from the previous day.
This positive performance coincides with improving risk appetite in global markets, as technology stocks on the Nasdaq recorded strong gains over the past week. Compared to historical performance, Bitcoin remains significantly up year-to-date despite recent volatility, while Solana shows relative strength against peers like Cardano and BNB. Per market data, liquidity has begun flowing back into altcoins as Bitcoin dominance stabilizes within a sideways range.
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Sign InLooking ahead, traders are closely monitoring resistance levels at $66,000 for Bitcoin to confirm the sustainability of the uptrend. On the economic calendar, markets are awaiting U.S. Inflation Rate (CPI) data on June 10, 2026, which could dictate the Fed's monetary policy path and directly impact crypto prices. Investors are also watching U.S. Existing Home Sales on June 9, 2026, as an additional indicator of macroeconomic health.