Solana’s price surged over 12%, breaking a key downtrend line, while U.S. spot Solana ETFs saw a massive $45.77 million in daily inflows, signaling strong institutional interest.
Bitcoin has bounced back above $92,000 after a sharp drop, with analyst Michaƫl van de Poppe suggesting the market may have bottomed. The breakthrough of the $92K resistance level could pave the way for a new all-time high and a test at $100K.
The crypto market is back in the green, with Ethereum rallying ahead of its major Fusaka upgrade and Sui leading the top 100 gains after a significant price surge.
Arthur Hayes, BitMEX founder, predicts that most Layer-1 blockchains will fail, leaving only Ethereum and Solana as viable networks. He also forecasts the continuation of the bull market, driven by U.S. political factors, and a new trend towards privacy-focused cryptocurrencies in the coming year.
After a sharp correction, the crypto market rebounds with bitcoin leading the recovery. Analysts remain optimistic, with some predicting new all-time highs by January.
The crypto market is calm with Bitcoin holding steady around $91,400. While the market cap is slightly up, altcoins show more volatility, with Quant leading gains and KuCoin’s token seeing significant losses.
Bitcoin and the broader crypto market are down today, but investors remain hopeful for a year-end rally. The Fear & Greed Index shows fear, but sentiment has improved.
After weeks of declines, the crypto market rebounds with nearly all top 10 coins posting double-digit gains. Bitcoin rises 10% this week to $92,500, Ethereum gains 12% to $3,082, and XRP leads with a 17% weekly increase.
Bitcoin’s price is stuck in a tightening range after hitting $92,000, facing strong selling pressure. With US markets returning from a short holiday, the broader crypto market is also seeing minor losses, with altcoins like Solana and Cardano leading the decline.
Bitcoin reclaimed the $90,000 level on Thanksgiving, a historically bullish move for the holiday. The broader crypto market followed suit, with Ethereum and other major altcoins posting significant gains, while analysts note the unusual nature of the pre-holiday rally.