Bitcoin and Crypto Markets Stabilize After Rally; Avalanche Outperforms as Solana Slips

Bitcoin (BTC) edged higher Wednesday, gaining 1.3% as crypto markets calmed after Monday’s sharp rally.

The broader crypto market-proxy CoinDesk Market Index inched 0.8% higher.

Ether (ETH) price underperformed and slid 0.7% as market participants digested the disappointing first days of the first futures-based exchange-traded funds in the U.S.

Solana’s native token SOL also pared its gains from earlier this week, slumping 2.3% in the past 24 hours.

Layer 1 blockchain Avalanche’s AVAX was a top performer among major cryptocurrencies, surging 7%.