As the U.S. election looms, crypto investors are bracing for potential turbulence that could jolt major tokens like Bitcoin and Solana. 10X Research, led by Markus Thielen, has pitched a strategic “pair trade” to help investors navigate this storm: go long on Bitcoin (BTC) and short on Solana (SOL).

As the crypto world experiences ups and downs, Solana has emerged as a hot favorite for institutional investors, grabbing attention with a whopping $5.7 million in recent investments. This strong backing could help push SOL's price higher as it aims to break key levels.

The state's pension fund has decided to invest in something called an Ether ETF (Exchange-Traded Fund). In simple terms, an ETF lets people invest in assets, like stocks or cryptocurrency, without having to buy them directly.

The Michigan state's retirement system strengthens its position in the crypto market. After its initial investment in Bitcoin ETFs, the fund is now adding significant exposure to Ethereum ETFs, demonstrating a growing confidence in digital assets.

The State of Michigan Retirement System, which manages $13.6 billion in pension assets, has begun diversifying its cryptocurrency investments. The post Michigan Pension Fund Diversifies Crypto Holdings, Buys $10M in Ether ETFs appeared first on Cryptonews.

A popular on-chain strategist says Ethereum (ETH) is showing a great risk-reward ratio setup. Analyst Ali Martinez tells his 76,900 followers on the social media platform X that ETH appears to be forming a bullish ascending channel on the weekly timeframe.

Daily transaction fees on Solana have cooled significantly from record highs reached last month, providing bearish cues to the SOL token.

Solana (SOL), one of the leading cryptocurrencies known for its high-speed transactions and scalability, has been making waves in the market as traders and investors alike keep a close eye on its price movements. With the digital asset's current price hovering around a crucial support level, many are wondering: Will Solana's price rise to $195, or is it at risk of falling back?

As the US heads into a pivotal election, Elon Musk has once again managed to send Dogecoin (DOGE) soaring. The Tesla and SpaceX CEO has been actively advocating for his proposed Department of Government Efficiency (DOGE), on various platforms.

A major whale sold 357,070 SOL (worth $58.54 million), contributing to this Solana price decline and reducing Solana's market cap by more than $8 billion over the past week.

A knife-point robbery of a crypto executive in Bangkok, occurring days before Ethereum's Devcon conference, adds to a pattern of attacks on crypto event attendees worldwide, while UN reports warn of rising crypto-related crimes in Southeast Asia.

The Michigan State Pension Fund has invested $10 million in Ethereum ETFs, becoming the first U.S. state pension fund to do so while demonstrating growing institutional acceptance of digital assets beyond Bitcoin.

Ethereum's influence on finance and tech may still be a mystery to many on Wall Street, but some analysts believe it's primed for a breakthrough. Leena ElDeeb, an analyst at crypto asset manager 21Shares, believes people should see Ethereum as Amazon did in 1990.

On Monday, the State of Michigan revealed substantial investments in cryptocurrency exchange-traded funds (ETFs) for Bitcoin and Ethereum in a 13F filing with the US Securities and Exchange Commission (SEC).

Solana's price has seen an interesting mix of resistance and support in recent weeks, especially with the ongoing efforts to break above the $186 barrier.

The upcoming token unlocks, including major releases, could influence crypto prices and investor sentiment.

Recent violent attacks on crypto event attendees raise safety concerns, with a project co-founder recently robbed at knifepoint in Bangkok.

Digital asset investment funds recorded massive inflows, with altcoins like Ethereum (ETH) and Solana (SOL) gaining ground. Institutional flows have picked upwards due to macro factors shaped by the upcoming U.S. Presidential elections.

Ethereum price is up 1.22% on Tuesday, November 5, but will it continue to bounce here or crash lower? The upcoming US elections will play a pivotal role in adding volatility to the markets, but the short-term outlook remains uncertain.

Gemini has ramped up altcoin accumulation lately.

What was the main investor strategy during the last full trading day before the US presidential elections?

The State of Michigan Retirement System (SMRS) has set a new precedent as the first US state pension fund to invest in an Ethereum ETF.

Michigan State acquired shares from two Ethereum ETFs offered by Grayscale to become the first recorded State Pension Fund Ethereum ETFs purchase. The State of Michigan became a top five holder of Grayscale's spot Ethereum according to a US Securities and Exchange Commission (SEC) filing.

Solana trimmed gains and traded below the $172 support zone. SOL price is consolidating and might struggle to recover above the $165 resistance.

Crypto prices today have set off waves of concerns among market participants globally. Bitcoin (BTC) price waned to the $68K level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP prices witnessed a falling action.

Solana is in a decent market position right now, but it may get better soon.

Ethereum price extended losses and traded below the $2,500 support. ETH is consolidating and might struggle to recover above the $2,500 resistance.

Whales Demonstrate Confidence in Solana A notable whale recently withdrew 206,111 SOL, valued at around $36 million, from Binance to stake in a personal wallet, reflecting strong interest in the asset and a bullish sentiment. This whale currently holds approximately 38,043 SOL staked, worth over $6.6 million.

In a strategic expansion into crypto, Michigans state pension fund acquired $11 million in Ethereum via ETH ETFs, positioning itself among Grayscales largest Ethereum ETF shareholders and underscoring its confidence in digital assets. Michigans Bold Move into Ethereum ETFs Marks Crypto Milestone X contributor Matthew Sigel said in an X post that Michigan spent $10 million on Ethereum via the ETH ETFs.

The fund now holds more Ethereum than Bitcoin, despite the latter's earlier ETF regulatory approval in January.

A prominent analyst has raised concerns about Ethereum's (ETH) price trajectory as we approach the end of 2024. Benjamin Cowen, a well-respected figure in the crypto community with 819,000 YouTube subscribers, believes Ethereum may be on the verge of a significant drop, potentially reaching as low as $1,000.

Michigan's State Pension Fund disclosed a $10 million investment in Grayscale's Ethereum ETF, paving the way for ETH institutional adoption.

It was a sea of red in the cryptocurrency market on Tuesday as investors positioned themselves for the US election and the Federal Reserve interest rate decision. Bitcoin fell to $67,900, while Solana (SOL), Popcat (POPCAT), and Mantra (OM) fell to $158, $1.2, and $1.28, respectively.

Bitcoin plummeted further, but Dogecoin rose as cryptocurrency investors braced for the high-stakes presidential election. Cryptocurrency Gains +/- Price (Recorded at 8:30 p.m.

Investigations reveal how hackers exploited Metawin Casino Ethereum and Solana hot wallets for $4M.

XRP has been stuck in a downward trend since the end of October and is finding it difficult to pick up steam. The chart displays a distinct downward trendline that has served as a barrier that XRP has been unable to overcome.

The number of monthly active addresses on the Solana (SOL) network has reached 138 million this month, after seeing exponential growth throughout the year amid a wider cryptocurrency market recovery. According to data from Artemis, Solana had around 13.

Michigan's pension fund first gained Bitcoin exposure by investing in the ARK 21Shares Bitcoin ETF earlier this year. The fund's 110,000 shares in ARK 21Shares have appreciated by $1 million since June, signaling confidence in the ETF.

The US presidential race could determine the fate of more than half a dozen proposed crypto ETFs.

Can Solana's demand sustain its bullish trend? Whales may have their say.

Solana (SOL) has seen a laudable growth in its transaction volume metric. Per the experienced growth, this metric peaked at around $224 billion in a single day.

Ethereum's price has been stuck in a consolidation phase, trading between $2,700 and $2,340, without a clear breakout in sight.

Cryptocurrency markets are trading lower on the day before the presidential election. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $67,873.44 -1.1% Ethereum (CRYPTO: ETH) $2,429.33 -0.8% Solana (CRYPTO: SOL) $159.90 -0.6% Dogecoin (CRYPTO: DOGE) $0.1596 +7.5% Shiba Inu (CRYPTO: SHIB) $0.00001691 -1.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 7.7% and daily active addresses falling by 8.4%.

VanEck said the Solana (SOL) network's high user engagement and transaction volume largely reflect its low-cost, high-throughput design despite substantial revenues stemming from speculative memecoin activity. The firm's latest analysis comes in response to speculation that Solana's numbers are inflated by wash trading in memecoins.

The cryptocurrency market is gearing up for a potential bull run amid investors' bullish anticipation for the U.S. presidential election, and Bitcoin is inching closer to All-time-high. Amid the renewed uptrend, prominent crypto analysts have set an ambitious $1,000 target for SOL.

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Ethereum (ETH) is making headlines again as it approaches the significant price point of $2,500. This resurgence is largely due to the growing confidence among long-term holders (LTHs) of the cryptocurrency.