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Solana’s price fell to a 14-month low after a 20% crash, but with the RSI in the oversold zone and investor support intact, the altcoin may be poised for a recovery.
Bitcoin has dropped below the $75,000 mark, signaling a bearish phase. However, futures data and positive funding rates suggest market optimism persists despite the dip.
Bitcoin has faced a steep decline below $80,000, wiping out $25 billion in gains. The altcoin's recovery depends on holding key support and overcoming bearish market sentiment.
Altcoins may see major volatility this week with over $328 million worth of tokens set to be released in the market.
Quick Take Teucrium Investment Advisors LLC is launching a leveraged XRP ETF on Tuesday, which is the first XRP-based ETF in the U.S. market. Multiple U.S. issuers have filed for spot XRP ETFs, which are still being reviewed by the SEC. One analyst said the likelihood of spot XRP ETFs being approved this year has grown, but demand for such funds remains uncertain.
- 20:00Total Bitcoin Contract Open Interest Across the Network Drops to $63.25 BillionAccording to Coinglass data, the total open interest in Bitcoin futures contracts across the network is 670,970 BTC (approximately $63.25 billion). Among them, the open interest in CME Bitcoin contracts is 145,910 BTC (approximately $13.75 billion), ranking first.
- 19:58US SEC Delays Decision on Canary Spot Litecoin ETF ApplicationAccording to market news, the U.S. Securities and Exchange Commission has delayed the decision on the Canary Spot Litecoin ETF application.
- 19:36DeFi Development Agrees to Acquire a Solana Validator Node for $3.5 MillionAccording to The Block, real estate software company and SOL asset accumulator DeFi Development Corporation has agreed to acquire a Solana validator node for $3.5 million. The acquisition will be completed through the issuance of $3 million in restricted stock and a $500,000 cash payment.