Solana (SOL) and Dogecoin (DOGE) outperformed Bitcoin (BTC) as it climbed to over $71,000 on Friday morning ahead of January’s personal consumption expenditures price index due later in the day. SOL led gains among crypto majors, rising more than 5%, while DOGE and Cardano each gained roughly 4.5%. Bitcoin’s price rose about 2.9% in the last 24 hours to around $71,400, marking a second attempt this month to clear the $72,000 level. Solana’s price rose over 5% in the last 24 hours to nearly $90, leading gains among crypto majors.
Dogecoin’s price traded at around $0.096 on Thursday night, while Cardano traded around $0.27. The broader cryptocurrency market rose about 2.6%, pushing total market capitalization above $2.5 trillion. Traders are awaiting the January PCE price index to glean clues on the path of Federal Reserve rate cuts and how the data may shape the FOMC’s outlook. Surging oil prices and geopolitical tensions continue to weigh on market sentiment.
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