Solana Eyes Q4 Rally as SEC Loosens ETF Rules and SOL Treasuries Now Close to $4 Billion
- Monday’s crash wiped out $1.5 billion; Ether fell 9%, Bitcoin dropped too.
- Solana is set to benefit from ETFs and treasury accumulation.
- Price wise, Solana is also holding crucial support at $190–$200.
Monday’s crash wiped out over $1.5 billion in leveraged trades, with Ether falling 9% and Bitcoin also dipping before recovering some losses. By Thursday, Ethereum traded near $4,000, while Bitcoin hovered around $111,000.
Matt Hougan, Chief Investment Officer at Bitwise Asset Management, said that crypto markets show how quickly prices can react. Last weekend, cascading liquidations drove sharp declines, even though underlying fundamentals, including government debt levels and the financial infrastructure, remained unchanged.
Related: Solana DAT DeFi Development Announces Up to $100 Million Share Buyback
ETFs and Institutional Demand Rising
Read The Full Article Solana Eyes Q4 Rally as SEC Loosens ETF Rules and SOL Treasuries Now Close to $4 Billion On Coin Edition.
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Solana Price Prediction: SOL Struggles at $196 as Futures Interest Drops
Solana Eyes Q4 Rally as SEC Loosens ETF Rules and SOL Treasuries Now Close to $4 Billion
- Monday’s crash wiped out $1.5 billion; Ether fell 9%, Bitcoin dropped too.
- Solana is set to benefit from ETFs and treasury accumulation.
- Price wise, Solana is also holding crucial support at $190–$200.
Monday’s crash wiped out over $1.5 billion in leveraged trades, with Ether falling 9% and Bitcoin also dipping before recovering some losses. By Thursday, Ethereum traded near $4,000, while Bitcoin hovered around $111,000.
Matt Hougan, Chief Investment Officer at Bitwise Asset Management, said that crypto markets show how quickly prices can react. Last weekend, cascading liquidations drove sharp declines, even though underlying fundamentals, including government debt levels and the financial infrastructure, remained unchanged.
Related: Solana DAT DeFi Development Announces Up to $100 Million Share Buyback
ETFs and Institutional Demand Rising
Read The Full Article Solana Eyes Q4 Rally as SEC Loosens ETF Rules and SOL Treasuries Now Close to $4 Billion On Coin Edition.
Read More