Bitcoin, Ethereum, And Solana On Traders’ Radar: What’s Going On?
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After a lackluster week, Bitcoin, Ethereum, and Solana prices rebounded strongly by the end of the week. Ethereum recovered from around $3,000, while Bitcoin and Solana neared $70,000 and $200, respectively. Renewed interest and increased trading volume in these cryptocurrencies suggest that market participants are eager to engage amid the price spikes.
Several factors sparked this interest. For Bitcoin, shifting regulatory perspectives and endorsements from U.S. politicians, including Donald Trump, have played a role. Trump's keynote at a Bitcoin conference in Nashville emphasized his support for making America the home of crypto.
Ethereum saw eyes on it after the U.S. SEC approved spot ETFs, despite mixed inflow results. Solana, on the other hand, flipped BNB in market value, becoming the third most valuable cryptocurrency excluding stablecoins. Solana has risen 56% from its July lows, indicating a robust Q3 2024 performance if it breaches the $200 mark.
Bron: www.newsbtc.com ↗
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