Solana hits 7-month high above $110 amid broader market rally

Solana (SOL) price increased by 10.75% to reach $112.28, marking its highest level in seven months. The rally occurred as the total cryptocurrency market capitalization grew by 5.06% to $2.76 trillion, supported by increased risk appetite and regulatory developments. Bitcoin surpassed $80,000, while Ethereum reclaimed the $2,500 level.