Bitcoin's resilience may keep crypto unaffected by the 2024 US election. Economic trends, and not political shifts, drive crypto growth and long-term value.

Solana's price dipped despite high volume. Here's a look at what this means for SOL prices.

The recent Bitcoin price movement is causing a stir. After several rallies, some troubling indicators hint at potential price dips that could shake up the market. But while Bitcoin's recent moves have some traders on edge, a new Solana alternative, PropiChain, sparks interest and optimism.

VanEck's proposed spot Solana (SOL) exchange-traded fund (ETF) is facing scrutiny due to concerns over wash trading and the nature of on-chain activity. Matthew Sigel, Head of Digital Assets Research at VanEck, published an in-depth analysis on Tuesday, comparing SOL's metrics with those of Ethereum to provide context and clarity.

VanEck asset management company has launched a new PYTH ETN product, extending its European offerings with a focus on the Solana-backed Pyth Network. This new product, listed on Euronext Amsterdam and Euronext Paris, aims to provide investors across 15 European countries with exposure to PYTH without requiring direct cryptocurrency holdings.

The cryptocurrency landscape is pivotal as Ripple's case with the SEC ends. This development places XRP Rivals in the spotlight, especially as the U.S. presidential election approaches.

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Solana (SOL) has been on a remarkable upward trajectory, but a recent strategic sell-off by a prominent whale has drawn attention to the cryptocurrency's price dynamics. The whale, who had been accumulating SOL for months, recently sold 265,070 SOL worth approximately $43.96 million, raising questions about how such large transactions affect the broader market.

Did you hear that Grayscale just listed three Solana ecosystem coins on their ‘under consideration' list? Yeah, that's right.

Right now, as the US election unfolds, it's creating volatility for Bitcoin. Recent events show that the Bitcoin ETFs had one of their worst days in history, with a $541 million outflow just yesterday. This outflow created sell pressure, which caused a short-term dip in Bitcoin's price.

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.

Crypto exchange behemoth Binance on Tuesday revealed a vital announcement on meme coins POPCAT & MEW (Cat in a Dogs World). The exchange primarily revealed that it is adding the perpetual contracts for the mentioned meme tokens to its futures copy trading platform.

Bitcoin (BTC) is down just over 1% in the past 24 hours, declining after briefly flirting with the $70,000 mark. The current week is crucial in dictating market dynamics, with the US elections and Fed meeting set to commence.

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?

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.

Solana's ecosystem is fast emerging as a low-cost, high-speed alternative in the blockchain landscape.

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.

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.

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.

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.

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.

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.

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.

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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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.

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.

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?

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.

This year, 2024, will go down as a very good year for Solana which, on every meaningful metric, has put every other chain in the shade.

Solana has dipped by 0.5% today, yet a new craze for Peanut the Squirrel-themed meme coins could help it recover quickly. The post Solana Meme Coin Craze Explodes After Peanut the Squirrel's Viral Story – Will SOL Price Follow? appeared first on Cryptonews.

Solana, Shiba Inu, and XRP are at key levels. Will they break out or face more selling pressure?

Sui has emerged as a noteworthy competitor in 2024, recently eclipsing both Solana (SOL) and Ethereum (ETH) in terms of net inflows. This significant achievement not only highlights Sui's growing influence but also raises questions about the future trajectory of its price amidst current market dynamics.

Solana's rapid growth, driven by meme coin trading and user engagement, highlights its competitive edge over Ethereum in user activity and transaction efficiency.

Solana's price has slid another 8% over the past week, casting further doubt on its chances of recovering above the $200 mark as 2024 draws to a close.