Top crypto traders have increased their bullish futures positions on Solana, with the largest rise in long exposure seen in the dollar-margined market. Solana's long share jumped by 2.06 percentage points to 63.61%, signaling stronger near-term optimism. Meanwhile, Ethereum experienced a decline in long exposure across both dollar- and coin-margined markets, indicating weakening bullish sentiment. This shift suggests a possible sector rotation favoring Solana and XRP over Ethereum, with potential impacts on market volatility and trading strategies in the near term.
Bitcoin fell below $63,000 amid a broad sell-off in global risk assets, reversing gains made earlier in the week due to optimism over the US-Iran peace deal. Other major cryptocurrencies like ether, XRP, and solana also declined. Market watchers warn...
Solana's price has dropped to around $70, far below its previous high of over $260, marking its most oversold monthly level ever. Despite the price decline, Solana recently set a new single-day record for tokenized stock trading, showcasing strong re...
Solana (SOL) fell 6.5% after the Federal Reserve's new chair, Kevin Warsh, emphasized inflation control and refrained from providing rate guidance. Analysts now see a 70% chance of a rate hike by September, with a one-in-three chance of a 50bps incre...
Kraken has launched on-chain trading for over 2,500 Solana-based tokens, allowing users in the US and 100+ countries to trade these tokens directly using USD or USDC without needing external wallets or complex setups. This expands access to many Sola...
Bitcoin, Ethereum, and several other major cryptocurrencies experienced significant price declines exceeding 5% in a recent market downturn. Bitcoin fell to around $62,488, while Ethereum dropped to about $1,679. This widespread sell-off reflects inc...
