Solana Soars to Seven-Month High on Regulatory Hopes

Solana's price surged to its highest level in seven months, reaching $112.28 as the crypto market rallied overall.

The overall crypto market rose 5.06% to $2.76 trillion, fueled by regulatory moves and risk appetite.

Bitcoin rose 5.43% as it broke above $80,000, while Ethereum regained $2,500.

Solana's price breakout came after the explosion of Bitcoin and suggested CFTC crypto regulations that made it to White House consideration.

The CLARITY Act was blocked in the Senate, which traders saw as positive, reducing uncertainty among US crypto businesses due to clearer rules.