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news-imageNovember 5, 2024

Why Shorting Solana and Investing in Bitcoin Might Be the Smart Move Ahead of the Election?

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).
Publisher: CoinPedia
Sentiment: Negative
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Negative
cover-imageBitcoin
November 5, 2024

Spot Bitcoin ETFs Face Heavy Losses — Who Took the Biggest Hit?

On Monday, spot bitcoin exchange-traded funds (ETFs) took a substantial hit, with investors pulling out a hefty $541.07 million. Bitcoin ETF Outflows Hit $541 Million on Monday, Ethereum Funds Follow in the Red The 12 spot bitcoin ETFs faced a rough trading day, shedding a hefty $541.07 million in total outflows.

Negative
cover-imageCoinPedia
November 5, 2024

Bitcoin Price Prediction for Next 48 Hours: Will It Drop Below $66k?

Amid the heightened hype of the U.S. 2024 elections, which has seen pro-crypto presidential candidate Donald Trump lead in major polls, Bitcoin's (BTC) price has signaled short-term bearish sentiment. The flagship coin has dropped over 4 percent in the past seven days to trade above a crucial support level of about $68.

Neutral
cover-imageThe Currency Analytics
November 5, 2024

Solana Whale Profits from Strategic Cash-Out and Its Impact on the Market

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.

Negative
cover-imageCrypto Economy
November 5, 2024

Bitcoin ETF Outflows Surge to $541M, Marking Second-Biggest Single-Day Loss

TL;DR Bitcoin ETFs in the U.S. saw substantial outflows of $541.1 million on November 4, 2024, marking the second-largest single-day outflow on record, just before the U.S. presidential election. The significant outflows reflect market caution as Bitcoin's price dipped to $68,000, with traders concerned about election-driven volatility and political dynamics.

Neutral
cover-imageThe Currency Analytics
November 5, 2024

Solana's Price Outlook: Will $161 Hold as the Key Level for a Surge to $195

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?

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