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Bloomberg analysts name $LTC, $HBAR, $XRP, and $SOL as top picks for future ETFs.
The last two years have been remarkable for Solana, recording a staggering price appreciation of +2,143%. In this article, we utilize the new breakdown metrics for Solana to inspect and understand the underlying capital flows responsible for the dramatic ascent.
The SEC announced a potential change in operational status. Advocate Jeremy Hogan advised the SEC to file a stay on all non-fraud litigation. XRP has dropped to the 4th position in the market and trades at $2.28.
Quick Take In his “Digital Asset Framework” published on Friday, MicroStrategy founder Michael Saylor supports the idea of creating a strategic bitcoin reserve to help eliminate the national debt. The document also argues for creating a universal taxonomy and set of industry standards for the wider crypto industry.
- 07:56FTT briefly broke through $3.5, with a 24-hour increase exceeding 26.18%The market shows that FTT has briefly broken through $3.5, currently quoted at $3.53, with a 24-hour increase of 26.18%. The market fluctuation is quite large, please manage your risk well.
- 07:45Matrixport: The current market lacks positive news to support Ethereum's rebound, and Ethereum's dominance rate has once again declinedMatrixport released a chart today stating that the rebound of Ethereum and other altcoins seems to be fleeting, making it difficult to sustain an upward trend. Judging from the trend of Bitcoin's dominance rate, Bitcoin still firmly controls market discourse. The current market lacks obvious positive news to support Ethereum's continuous recovery. Investor sentiment tends towards conservatism, and Ethereum's dominance rate has fallen again. Since the launch of the Ethereum ETF in early summer 2024, this downward trend has gradually emerged. Even though these funds have attracted billions of dollars in capital inflows, they have not been able to change the downturn. For Ethereum investors, patience may still be needed. It is expected that by 2025, if the market environment is more favorable, Ethereum may welcome a new opportunity for growth, injecting confidence into the market and reversing its current slump.
- 07:37Santiment: Over the past two weeks, most investors' sentiment has shifted from bullish to bearish, with a sharp decrease in interest in Meme coinsSantiment posted on X stating: "Over the past two weeks, the sentiment of most cryptocurrency investors has astonishingly shifted from bullish to bearish. As market values have corrected (especially for altcoins), interest in Meme coins has significantly decreased, while interest in Bitcoin has noticeably rebounded. This kind of mass FUD is a healthy part of the cycle, and patient traders can take advantage of this high level of 'blood in the streets' to profit."
