Solana Surges Past $120 While Bitcoin Slips in Divergent Crypto Session

Cryptocurrency markets split sharply on Friday as Solana extended a multi-day rally past $120 while Bitcoin and other large-cap tokens retreated, underscoring a rotation toward smaller, higher-beta assets even as macro pressures from surging Treasury yields continue to weigh on the broader digital asset complex.

Bitcoin traded at $83,831.42, down 0.65% on the day, while Ethereum slipped 0.25% to $2,680.61 and BNB declined 0.48% to $772.75, according to market data. The divergent session came as the total crypto market capitalization edged down 0.14% to $2.87 trillion.

Solana stood out with a 3.40% gain to $120.99, breaking above a resistance level that had capped its price for several sessions. The token had been range-bound between $113 and $119 since Monday, and technical indicators across the board were pointing to buyer strength in the days leading up to the breakout.

Avalanche advanced 2.56% to $10.45, Dogecoin climbed 2.04% to $0.10, Cardano rose 2.01% to $0.25, and XRP added 1.30% to $1.55. The broad altcoin strength contrasted with weakness in the two largest cryptocurrencies, a pattern market participants said reflects increased risk appetite for assets with greater upside potential.