The Chicago Board Options Exchange (CBOE) has submitted form 19b-4s to the United States Securities and Exchange Commission (SEC) for the approval of Solana exchange-traded funds (ETFs). This move marks a crucial step towards the potential listing of Solana ETFs on regulated exchanges, opening up new investment opportunities for institutional
Despite concluding the previous week on a positive note, the cryptocurrency market has taken a bearish turn as the second week of July unfolds. The market leader, Bitcoin, has experienced a significant pullback, hovering close to the $56,000 range, while Solana (SOL) has mirrored this price action, recording a notable
The second largest altcoin Solana showed price declines in the last 24 hours, amid market declines. SOL, despite receiving market attention for memecoins failed to price in the meme season over the past month. In the last 24 hours, the altcoin has shown bearish movements, hitting its weekly low momentarily.
Solana’s price is currently exhibiting the potential for an extended bearish trend, which could result in a decline of more than 8% in the upcoming days. While the recent FUD (Fear, Uncertainty, and Doubt) trade appears to have played out, a prolonged bearish phase may place the token in a
As the cryptocurrency markets approach the close of the month and the conclusion of the first half of the year, certain tokens, particularly Solana (SOL), are exhibiting remarkable resilience. The SOL token has managed to maintain its position above the bullish range, indicating that the price could soon experience a
As the cryptocurrency market presents a majority of coins at heavily discounted prices, bulls are exerting a major effort to flip market sentiments in their favor. Having bought the dip, Solana bulls now appear to be focusing on sustaining the upward momentum, coinciding with the platform’s recent launch of ‘zero-knowledge
Bitcoin and Ethereum have shown brief upsurges in price, fueled by the US CPI data release. Other altcoins have begun to show recovery after the past week’s price dip. Solana (SOL), has shown a daily increase in its price after its recent weekly dip. Notably, the token’s market price increased
The Solana (SOL) coin price continues to trade under bearish pressure, despite the increased price volatility observed in the broader cryptocurrency market. The altcoin has repeatedly failed to break out of its resistance zone, indicating a weak price action and a lack of bullish momentum. Since the cross-market correction that
In recent weeks, the Solana (SOL) price has continued to consolidate around critical support levels, following Bitcoin’s latest struggle to establish a clear trend above the $70,000 psychological mark. Despite the overall stable market sentiment, Solana has experienced a mood swing in key on-chain metrics, suggesting the possibility of a
Over the past year, Solana has displayed significant growth, attracting substantial capital inflows and rapidly climbing the market cap rankings. Further, Solana surpassed Binance’s BNB Coin in March, establishing itself as a key competitor to Ethereum. Despite Ethereum maintaining its dominance in the decentralized finance (DeFi) sector, anticipation surrounding the
