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Cryptocurrencies declined more than a percent in the past 24 hours after a strong rally triggered by hopes of an imminent SEC approval for a Bitcoin Spot ETF. Bitcoin dropped close to 2 percent in the past 24 hours.
Cryptocurrencies extended their rally, surging 4.4 percent overnight to a market capitalization of $1.6 trillion amidst rising optimism of an SEC approval for a Bitcoin Spot ETF.
In a recent episode of the Empire podcast, Santiago Santos, former Partner at ParaFi Capital, shares his views on how Solana’s market capitalization could exceed Ethereum’s in the next market cycle.
Bitcoin (BTC) price remains bullish, sustaining the primary trend and retesting levels last seen in April 2022.
Solana founder Anatoly Yakovenko envisions a future where SOL and Ether (ETH) co-exist, urging that the whole narrative of one ecosystem kills the other be binned.