The cryptocurrency market experienced another exciting evening yesterday, with significant gains for both Bitcoin (BTC) and altcoins. Bitcoin was even on the brink of reaching a new annual high. However, it wasn't just Bitcoin that drew all the attention. The emerging altcoin Solana (SOL) also showed another remarkable increase, solidifying its position as a promising cryptocurrency.

Bitcoin shows green numbers

Bitcoin's price skyrocketed out of nowhere around 7 p.m. yesterday. The price of BTC went from $36,683 (€33,631) to a peak of $37,863 (€34,713) in just a few hours. Afterward, the price slightly retreated to around $37,300 (€34,199).

With the jump to $37,863 (€34,713), Bitcoin came close to reaching its annual high, which is slightly above $38,000 (€34,841). Furthermore, Bitcoin has risen 2.5% in the past 24 hours and has already increased in value by nearly 20% this month.

At the time of writing, the BTC price sits at $37,480 (€34,357).

Solana is also rising strongly again

Solana (SOL) also showed a significant increase. In 24 hours, the popular cryptocurrency has risen by 5%. In just one month, SOL has already increased in value by 85%. Other altcoins are also demonstrating their positive side. For example, XRP (XRP) has risen by 3.7% in the past 24 hours, and Ethereum (ETH) has seen an increase of about 3.5%.