Top alternative cryptocurrencies (altcoins) like Solana (SOL) traded higher on Sunday as itcoin">Bitcoin (BTC) exhibited some resilience. Solana rose 5%, leading gains among major altcoins.
The total crypto market cap stands at $1.1 trillion, and itcoin">Bitcoin is up 0.6% to $27,114, maintaining its huge $528 billion market cap despite being down significantly from its peak.
October has historically been the most bullish month for itcoin">Bitcoin, with average gains of 12% over the years. This has analysts speculating itcoin">Bitcoin may be ready to rally.
Meanwhile, Shiba Inu (SHIB) is barely holding onto its spot in the top 20 cryptos. SHIB is up just 1.2% at $0.00000742 due to lackluster interest after the launch of its Shibarium Layer-2 solution. Shibarium is processing only about 20,000 transactions per day so far.
SHIB’s market cap sits at $4.35 billion as it clings to a top 20 position. Other altcoins like Solana, Cardano, and Polygon are seeing more momentum to start the October trade.
If itcoin">Bitcoin can maintain its resiliency and mount a fall rally, it could provide an upside for altcoins looking to regain strength. Crypto investors will be watching to see if historical October bullishness materializes for itcoin">Bitcoin once again.
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