Bitcoin’s rise to $81,000 may trigger rally in ETH, SOL, SUI, AAVE

Bitcoin’s strong weekend rally above $81,000 may add more fuel to the current price action in ETH, SOL, SUI and AAVE.

Bitcoin has been on a roll this past week, rising above $81,000 on Nov. 10. Some analysts say the rally has just started and has a long way to go. Bitcoin analyst Tuur Demeester said in a post on X that “no rash action is needed, HODLing does the work for you.”

Newbie traders may wonder if Bitcoin’s rally has made it overvalued, but Bitwise Invest CEO Hunter Horsley said in a post on X that “Bitcoin (BTC) is different.” 

“When Bitcoin’s price goes up, people view it as more likely that it will succeed, and therefore be even more valuable. And so it’s likely to go up even further,” Horsley said.

Read more