“Recent US Regulatory Filings Are Show a Broading in the Base of Buyers for Bitcoin Etfs.”, – WRITE: www.coindesk.com
In Early Afternoon Trading Hours, Bitcoin Was Trading At $ 93.600, Lower by 2% Over The Past 24 Hours and Off 10% Over The Past Week.
The Broader Crypto Market as Defined by the Coindesk 20 Index Was Down 4% Over The Past 24 Hours. Hitting that Index Was A 16% Decline in Solana (Sol), whoeling the Pain as the Memecoin Market May Finally Have Reached Peak Grift And/or Outright Criminal Over the WEKENDEKENDEKENDEKENDKEND Millei. Solana is Now Down 35% Over The Past Month and Has Given Back All of Its Post-Trump Election Gains.
$ 500k Still in PlayStandard Chartered’s Geoff Kendrick Has Previoously Said He Expects Bitcoin to Eclipse $ 500,000 by The Time DONALD TRUMP LEAVES OFFICE.
Looking Past The Lame Short-Term Price Action, Kendrick-In A Morning Note on Tuesday-SAID The Recent of Slate of 13f Filings Regarding Institute Owners of Spot Bitcoin.
The Type of Buyer Has Evolved from Retail to Hedge Funds and Now Banks and SOVEREGNS, SAID CEDRIC abi.
Kendrick: “Going Forward, we would expert more very long-teng-oly-only money to buildcoin and would expert
Solana SlumpNative tokens of Protocols tied to the Solana Trading Environment Weren’s Spared Either. Tokens of Decentralized Exchanges Raydium (Ray), Jupiter (Jupiter (Jup) Posted Double-Digit Losses Today, While Liquid Staking Service Jito (JTO) slid
The Solana EcoSystem, WHICH IS BENEFITTED GENEROUSLY as A HUB for memecoin Trading and Launching Tokens, Is Grappling with The Fallout from Libra, The Latest Scandalas Pump s in the Solana Space and Even Argentina’s President Javier Milei in the hot seat.
Libra was released on Friday and Zoomed to $ 4 Billion Market Capitalization After Milei’s X Post Saying The Project Wold Support Small And Mid-Sized Businesses in the Country. The token then lost nearly all its market as insinces cashed in $ 100 Million and milei backpedalled his Support. Milei NOW Faces Fraud Charges and A Possible Impeachment, and Solana-Based Dex Meteora Co-Funder Ben Chow Resigned After Being Implicated in the Token Launch.
“This is the Latest Sordid Episode Emanating from Solana’s Memecoin Complex,” Alex Thorn, Head of Firmwide Research at Galaxy, Said in a Tuesday Note. The report Pointed Out of that Sentiment Towards Memecoins Began to Erade Since the Trump Token
If Sentiment Wrenints at Rock Bottom, The UpcomING SOL UNLOCK EVENT INCREASING The TOKEN’S Circulating Supple Injects An Addrational Dose of Uncertain in the Markets. ESTIMATES VARY ON THE EXACT AMOUNT OF TOKENS TO BE RELELEASED INTO Circulation, But One Hedge Fund Fund Analyst Forecasted that with Much of the Tokens Coming from The FTX Estate Holdings.
“If an unlock of this scola Occurs, It Could Increase of the Circulating Supple of $ Sol and Potentilly Impact Market Dynamics,” Tokenomist Analysts Said in an X Post. “Historical Examples of Large Token Unlocks have of the Onthen Led To Heibhened Price Valativity. However, It’s Essential To Note ”
X Icon
X Icon
