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Solana’s price fell to a 14-month low after a 20% crash, but with the RSI in the oversold zone and investor support intact, the altcoin may be poised for a recovery.
Bitcoin has dropped below the $75,000 mark, signaling a bearish phase. However, futures data and positive funding rates suggest market optimism persists despite the dip.
Bitcoin has faced a steep decline below $80,000, wiping out $25 billion in gains. The altcoin's recovery depends on holding key support and overcoming bearish market sentiment.
Altcoins may see major volatility this week with over $328 million worth of tokens set to be released in the market.
Quick Take Teucrium Investment Advisors LLC is launching a leveraged XRP ETF on Tuesday, which is the first XRP-based ETF in the U.S. market. Multiple U.S. issuers have filed for spot XRP ETFs, which are still being reviewed by the SEC. One analyst said the likelihood of spot XRP ETFs being approved this year has grown, but demand for such funds remains uncertain.
- 14:32Federal Reserve Vice Chair Jefferson: The current moderately restrictive policy rate is well-positioned to respond to changes in economic developmentFederal Reserve Vice Chair Jefferson: The current moderately restrictive policy rate is well-positioned to respond to changes in economic development.
- 14:32Today's Bitcoin ETF sees a net outflow of 915 BTC, Ethereum ETF sees a net outflow of 1979 ETHAccording to Lookonchain monitoring, today 10 US Bitcoin ETFs saw a net outflow of 915 BTC, with Fidelity accounting for an outflow of 873 BTC. Currently, Fidelity holds 198,247 BTC, valued at $20.6 billion. Meanwhile, 9 Ethereum ETFs experienced a net outflow of 1,979 ETH, with Grayscale ETHE seeing an outflow of 3,983 ETH. Currently, Grayscale ETHE holds 1,129,089 ETH, valued at $2.94 billion.
- 14:31Squads receives strategic investment from Haun Ventures and plans to launch native stablecoin accountsSolana ecosystem multi-signature protocol Squads announced that it has received strategic investment from Haun Ventures, with the specific amount yet to be disclosed. Additionally, Squads announced the upcoming launch of the stablecoin native account Altitude, which allows companies to open and fund USD accounts without relying on traditional banks or US entities. (Blockworks)