Bitcoin Breaches $30K as Ethereum, Cardano, Solana Join Weekend Rally

Last week, Bitcoin fell to $26,350, the lowest since December 2020.

1 min read

May 15, 2022

Bitcoin, the largest cryptocurrency by market cap, briefly rose above $30,000 today after six straight weeks of market declines.

As of this writing, Bitcoin was up nearly 4% to 29,980.72, according to CoinMarketCap data.

Elsewhere, a weekend rally saw Ethereum gain more than 5% to $2,065.31, Cardano add more than 11% to $.553, and Solana rise over 14% to $53.24.

The gains come after an unprecedented week in the crypto space, headlined by Terra's UST and LUNA imploding.

Last week saw $200 billion in total crypto market cap disappear in a single day as Bitcoin plummeted to lows not seen since 2020.

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