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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.
- 21:55Citi estimates stablecoins will drive widespread blockchain adoption, reaching a $3.7 trillion marketCiti predicts that 2025 could become a turning point for blockchain adoption, primarily due to the development of stablecoins. The report indicates that the stablecoin market size is expected to grow from the current $230 billion to between $1.6 trillion and $3.7 trillion by 2030. This growth is largely attributed to the United States' proactive regulation of digital assets and a stable market environment, which will facilitate their further integration into the financial system, increase payment speed, enhance transparency, and optimize asset settlement. Additionally, stablecoin issuers are expected to become major buyers of U.S. Treasury bonds, with holdings projected to reach $1.2 trillion, potentially surpassing all foreign sovereign holders. However, the report also highlights risks, such as stablecoins de-pegging nearly 1,900 times in 2023, with large-scale redemptions under extreme circumstances potentially disrupting the liquidity of the crypto market and impacting financial markets.
- 21:54U.S. Judge Blocks Trump's Attempt to Abolish Federal Employees' Collective Bargaining RightsA U.S. federal judge has temporarily blocked Trump's attempt to abolish federal employees' collective bargaining rights. The National Treasury Employees Union stated that Trump's executive order to revoke collective bargaining agreements for federal departments relieved more than a dozen federal agencies of the obligation to negotiate with unions, violating federal employees' labor rights and the United States Constitution.
- 21:54SOL Falls Below 150 USDTMarket data shows that SOL has fallen below 150 USDT, currently reported at 149.99 USDT, with a 24-hour drop of 0.4%.