Cryptos surge on US Election Day – Discover Key Price Levels, Drivers Behind the Rally, and What's Next for These Top Cryptos.

Bitcoin dominance approached 61% with Solana dominance also primed to touch record high.

Solana made a big leap, climbing 17% to hit $188. This pushed it above Binance Coin (BNB), making it the fourth-largest cryptocurrency by market cap. On the other side, Toncoin's ranking slipped, moving down from the 9th to the 11th spot.

SOL's market capitalization has outperformed BNB's, claiming the fourth position among the top largest cryptocurrencies by market cap. According to live data from CoinMarketCap, Solana's SOL has performed impressively in the last 24 hours, recording a gain of 15.41%.

Bitcoin (BTC) has rocketed by almost 10% in the past 24 hours and has just set a new all-time high of $74,730, as Republican candidate Donald Trump took an early lead in the presidential elections.

An incoming crypto-friendly Trump administration could make allowing crypto ETFs in the U.S. easier, traders say, boosting SOL's prices.

Solana's rapid rise in the NFT market is fueling demand for SOL, positioning it as a strong contender in the blockchain space.

Ethereum (ETH) products saw a significant turnaround this week, with $9.5 million in inflows, reversing its recent streak of outflows and surging ahead of Solana (SOL) in the race for institutional investment. According to a report from Coin Shares on crypto fund flows, Ethereum's momentum gained ground amidst macroeconomic uncertainty, largely driven by the ongoing political events surrounding the U.S. Presidential elections.

In October, the Solana blockchain registered 123 million active addresses. It has grown 42% since September and has risen dramatically from 12.7 million addresses at the start of the year.

Helio Pay has expanded its Solana Pay integration on Shopify, enabling merchants to accept a wider range of cryptocurrencies, including Bitcoin and Ethereum, while streamlining transaction management and enhancing payment flexibility for customers. The post Helio Pay Leverages Solana's Power to Expand Crypto Payments on Shopify appeared first on Cryptonews.

Solana continues to demonstrate its robust stance in the broader blockchain sector following a recent significant increase in on-chain activity, with transaction volumes and user engagement rising massively across its network. Generally, SOL's market performance may benefit from this substantial growth, which could indicate persistent network scalability and health.

President of The ETF Institute, Nate Geraci, says the upcoming election will profoundly impact the future of crypto ETFs. The approval of new spot ETFs for assets such as Solana, XRP, and Litecoin is of particular interest.

Solana gains alongside Bitcoin's US election-related rally, and data hints that SOL price could hit $200.

The cryptocurrency market is always in motion, but recent developments in popular coins like Tron (TRX), Solana (SOL), and XRP are catching the eyes of traders and investors. While some coins are struggling, others are showing signs of hope.

Solana (SOL) price, a layer-1 blockchain network token, is currently locked in a consolidation pattern, reflecting the broader market's sluggish momentum. Despite minimal movement, subtle signs hint at a potential upward trend for the coin.

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.

Solana is trading above a critical demand level of around $157, showing signs of a potential bounce after a recent pullback. This critical level has held firm despite market volatility, and now all eyes are on Solana as it attempts to regain bullish momentum.

Key Points:

BNB price has dropped by ∼22.7% from the year-to-date high, but the weekly chart points to an eventual rebound as it has formed a cup and handle and bullish flag patterns. Binance Coin was trading at $560, down by ∼10% from its October highs.

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.