$SOL and $LUNA gained a lot of traction last week but not without the support of their older brother Bitcoin
SOL and Luna were the biggest gainers last week, with about 28% and 22% price spikes, respectively. The rally was accompanied by Bitcoin's 40% bounce since January, which lasted until the end of last week.Despite the fading of bullish tendencies on Bitcoin, most altcoins were rallying as traders and investors became more risk-demanding and chose more volatile options on the market, like SOL and Luna.
This week started with a slightly worse performance of both Bitcoin and altcoin markets as the first currency already lost 1% from its value, and the biggest altcoins, likeAs the co-founder of Nexo, Antoni Trenchev, noted, Bitcoin is currently"cooling off" after a strong performance in March. But while Bitcoin's market performance stays relatively calm, the on-chain data for it shows increased activity of whales, large traders and active funds redistribution.
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