Solana (SOL) experienced a significant surge on Mar. 4, following the rally of Bitcoin, with a 7% increase in just 24 hours. This surge propelled SOL to overtake Binance’s BNB coin, securing a higher rank among the top five cryptocurrencies.

The price of SOL soared above $140, reaching a two-year high and levels not seen since April 2022, marking a milestone for the digital asset. This surge comes three months after the peak of the bull cycle in 2021.

Bitcoin also hit a new all-time high, surpassing $69,000 before retracing to around $65,000, amidst market selloffs and profit-taking by traders. The leading cryptocurrency faced a technical resistance wall at its ATH, leading to the retracement.

“The total cryptocurrency market cap saw a 3% increase in 24 hours, driven by the surge in Bitcoin and Solana prices,” according to CoinMarketCap data.

During this market rally, eCash (XEC) witnessed a remarkable surge of over 53% in a single day, with trading volumes exceeding $1.5 billion. Despite this surge, eCash remains 88% below its previous all-time high recorded in November 2021. Launched in July 2021, eCash is a digital payment method.

Additionally, Terra Classic (LUNA), the original Luna crypto, experienced a 38% jump in price, with a daily trading volume of $596 million. This surge coincided with Terraform Labs founder Do Kwon’s legal victory in Montenegro, challenging his extradition to the U.S. for criminal prosecution.

For more updates and news on the cryptocurrency market, continue exploring Global Crypto News.

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