Solana is spearheading an altcoin rally, as investors bet on the US Federal Reserve pausing rates at the central bank's next meeting on December 13.
Bitcoin has broken through the $36,000 level, and at one point ranged close to $37,000 in the past 24 hours, as investors anticipate that a spot bitcoin ETF will be approved soon.
The ongoing conflict in the Middle East impacted prices of riskier assets, such as bitcoin, on Monday.