The institutional environment is one of the key factors that influence the acceptance and assessment of cryptocurrencies. Recently, 21Shares and VanEck submitted applications to the U.S. Securities and Exchange Commission (SEC) to launch Solana-based exchange-traded funds (ETFs). The ETFs are to be listed at the Cboe BZX Exchange, which in turn increases the chances of cryptocurrency to be included in the traditional financial systems. NEWS: GSR Markets, crypto market makers, suggest a Spot Solana ETF could increase the price of $SOL by 9 times to $1,350. How bullish are you on $SOL? Track $SOL price ➡️ https://t.co/5kWrddzSXk pic.twitter.com/NqEjYRR9HG — CoinGecko…

Bitcoin  (BTC) has shown much strength in the past 24 hours by breaking out above a sizeable daily resistance level. In doing so, there was a powerful upward move on the daily chart, with Bitcoin going from around $60,800 to a peak of $61,386.78 registering a critical break over the $61,000 resistance level that had previously kept a limit on any upward gains.  Breaks are usually bullish in the market as they show increased buy-side pressure, with traders and investors repositioning for strategies matching the new momentum. BTC/USD 24hr Price Chart (Source: CoinMarketCap) Despite all the bullish price action, the…

Worldcoin (WLD) has been bearish with the price declining in the recent past as the market influences the coin. As of press time, WLD had fallen by 3.39% to trade at $2.71. This decline is part of a broader downtrend, with the price dropping from a high of $2.80. WLD’s Market capitalisation has also been seen to decline by 3%, and is currently at $695,046,443 making it rank 97th in the market. However, the 24-hour trading volume has risen by 8.65%, to $141,406,065 showing that trading has picked up as traders continue to buy the dip. Technical Chart Analysis of…

Bitcoin has surged above $61,000 relieving a constant downtrend that’s been ongoing since early June. Failing to maintain above the $62,000 one week prior, Bitcoin trades at $61,657, with a market cap of approximately $1.2 trillion. It’s pretty far from the fact that the weekly price dipped around 5%. According to market analyst Rekt Capital, Bitcoin is forming an early-stage Bull-Flag pattern. He said this could imply a potential breakout in the making: a challenge to the recent downtrend. Bitcoin Key Support Levels  In his analysis, Bitcoin’s current price retracement is about to reach the 22% correction the market cycle…

The popular Telegram-based cryptocurrency, Notcoin, recently went through a significant token burn in which it permanently eliminated $3 million worth of its NOT tokens from circulation. The popular Telegram-based cryptocurrency recently announced on June 25 that it would burn off some of its NOT tokens to reduce their availability and increase their value. This is part of a broader strategy to improve the economic fundamentals of Notcoin, following efforts to incentivize the community to engage in a manner that will uplift the level of user loyalty. Notcoin Tokenomics is now extremely community oriented. Notcoin worth $3M just burned from the…

Bitcoin had impressively recovered, surging past $ 61,000, before seeing much volatility. That has dialed up some optimism among traders and analysts, who eye critical support and resistance levels. Market Overview and the Recent Trends Bitcoin recently plunged in a sharp decline, testing support levels as low as $58,500. However, the price bounced back and crossed above the key $60,000 level, continuing to climb higher. This trend has been interpreted by onlookers as bullish, with the price action at this time indicating that there could be further room for growth. Analyst Michaël van de Poppe said this bounce from the…

Fetch.ai (FET) has seen a significant surge in its price and has surged by 20.64% in the last 24 hours. This upward trend can be ascribed to the rumors of a possible partnership with Injective (INJ). Injective’s official Twitter handle posted a mysterious tweet that suggested a collaboration, which caught the attention of investors. Something is brewing…$FET $INJ pic.twitter.com/mQdYoZIIfT — Injective 🥷 (@injective) June 24, 2024 The assumption is that the upcoming IBC upgrade for Injective could allow the platform to leverage Fetch.ai’s AI agents for its DeFi services, which would, in turn, increase the demand for FET tokens since…

Worldcoin (WLD) price has been on a sharp decline in the last 24 hours after failing to breach the intra-day high of $3.03. This dip is attributable to the crypto market downturn, as seen in the 3.58% decline in the total crypto market capitalization to $2.27 Trillion. At press time, WLD was changing hands at $2.73, a 9.26% decline from the intra-day high.  During this bear rally, WLD’s market capitalization declined by 8.70% to $687.42M, while the 24-hour trading volume surged by 8% to $136.48M. This surge in the trading volume during a decline reflects tha “buy the dip strategy”…

Shiba Inu (SHIB)) has been going through a tough time and has seen a 40% drop in its value in the last 40 days and a 30% drop in the last 30 days. By June 23, SHIB’s price had dropped by 4% in the 24-hour period, with the token valued at $0.0000179. This sharp decline extended its weekly loss to 16%, and it was down 30% for the month. Market Sentiment and Investor Behavior Meanwhile, the overall market was able to bounce back on June 19, with BTC and ETH gaining a slight bounce, the meme coins such as SHIB…

The price of Bitcoin has continued to experience selling pressure, and this has seen it trade below the 50-DMA. At the time of writing, Bitcoin (BTC) is at $65,685, 5% down from the previous week on the weekly chart. Bitcoin market capitalization fell below $1.3 trillion, while daily turnover increased by 125 percent to more than $35.7 billion. This decline occurs as spot Bitcoin ETFs see large outflows, suggesting that institutions are losing interest. Price Clusters Suggest Further Downside Citing the price clusters that appear at $71,600, popular crypto analyst Rekt Capital says more downside is expected. In a June…