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.

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.

The Michigan State Pension Fund has invested $10 million in Grayscale's Ethereum ETFs (NYSE:ETHE), making it one of the top holders of the product. What Happened: According to an SEC filing, this investment surpasses Michigan's $7 million allocation in Bitcoin (CRYPTO: BTC) ETFs, marking a notable shift in institutional interest.

As the crypto market potentially prepares for a new bull run, investors are closely examining projects that offer exceptional performance as well as solid and innovative use cases. In this volatile universe, cryptocurrencies like Solana (SOL), Cardano (ADA), and XRP could stand out, as they combine speed, scalability, and adoption in the financial sector.

Reports indicate that the State of Michigan Retirement System recently invested over $10 million in ethereum exchange-traded funds (ETFs), specifically in Grayscale's Ethereum Trust and its Ethereum Mini Trust.

The State of Michigan Retirement System disclosed over $11 million in exposure to spot Ethereum (ETH) exchange-traded funds (ETF) in its latest 13-F filing.

ETH has been trading at a discount on the ETF market amid weakening demand.

Solana whale recently sold nearly $44 million worth of SOL tokens, raising questions about the future trajectory of the asset. Despite the selloff, market sentiment towards Solana (SOL) remains surprisingly optimistic, indicating that this could be just the beginning for the cryptocurrency.

Michigan Pension fund has bought $10 million worth of Ethereum through Grayscale's ETFs. VanEck's Head of Digital Assets Research, Matthew Sigel, made this revelation in an X post.

Bitcoin price trades below $70,000 as traders derisk ahead of the election. Will altcoins follow this trend or take advantage of BTC's consolidation?

Ethereum (ETH) price has experienced a period of consolidation after recent gains, with a decline pushing it below the $2,550 support level. While ETH faces resistance of nearly $2,500, it holds the potential for recovery if it clears this key barrier.

Michigan's state pension fund invests $11M in Ethereum ETF, marking a significant Ethereum ETF investment milestone in US pensions. The post Michigan becomes first state pension fund to invest in Ethereum ETFs with $11M stake appeared first on Crypto Briefing.

Ethereum ETFs recorded their first State Pension Fund buy, as Michigan scooped shares from two funds offered by Grayscale.

Vlayer, a crypto startup developing "Solidity 2.0" — which adds new functions to Ethereum's smart contract language — has raised $10 million.

The value of the ARK 21Shares Bitcoin ETF shares held by the state's pension fund increased by roughly $1 million since being reported.

As Ethereum continues to struggle to gain any lasting momentum, one analyst notes last week's dip as a bear trap and the "final dip" before refocusing its gaze on a new high. The post Ethereum Eyes ‘Final Dip' Below $2.5K – Will This Be the Launchpad for a New All-Time High? appeared first on Cryptonews.

The Michigan pension agency disclosed it held about $10 million worth of Grayscale's Ethereum Trust as of the end of the third quarter.

The State of Michigan Retirement System has purchased 460,000 shares of Grayscale Ethereum Trust (ETHE) for roughly $10 million, according to a recent regulatory filing.

Ethereum is trading at a critical demand level following an 11% pullback from recent local highs. This dip has analysts and investors on edge, as losing this level could trigger a wave of aggressive sell-offs, potentially driving ETH prices lower.

As Ethereum begins to show positive price action once again, the altcoin is seeing a wave of bullish predictions from multiple crypto experts about its trajectory in the short term, suggesting a potential rally in the upcoming weeks.

Ethereum (ETH), the second-largest crypto by market capitalization after Bitcoin, continues to generate significant interest among investors and analysts, especially in light of recent news about its profitability and profit. According to an analysis conducted by the CryptoQuant analyst known as Baykuş, a surprising 79.92% of Ethereum addresses are currently in profit.

Buyers are back in the game at the beginning of the week, according to CoinStats.

The cryptocurrency market is reacting to the upcoming US Presidential election after more than $288M was liquidated within 24 hours per Coinglass. Out of these liquidations, $142M were long, while $86M were short.

The rates of most of the coins have come back to the green zone, according to CoinMarketCap.

The latest crypto high-profile platform to be targeted by the bad guys is Metawin. According to reports, hackers broke into the withdrawal system of the crypto site and stole more than $4 million worth of digital assets.

TL;DR Last week, digital asset investment products saw inflows of US$2.2 billion, bringing the total to US$29.2 billion so far this year. Euphoria surrounding a possible Republican victory in the US elections drove these flows, although small outflows were seen on Friday as polls changed.

The next decade will bring more institutional adoption for Ethereum, but solving the security concerns of the wider crypto space remains a priority.

Ethereum has struggled to sustain a rally above $2,500 and data suggests that more downside could be on the way for ETH price.