Short Crypto News:
* ** Bitcoin hovers over $34K after BlackRock IBTC ticker euphoria fades out.
The world's largest cryptocurrency has been trading in a tight range around $34,000 for the past few days, as investors await more clarity on the regulatory landscape and the macro outlook.
* ** Solana rallies 26% in a week despite FTX sale fears.
The Solana blockchain has seen a surge in activity in recent weeks, with transaction volume and on-chain metrics increasing significantly. This is despite concerns over the potential sale of cryptocurrency exchange FTX, which is one of Solana's biggest backers.
* ** Bitcoin is currently neither "bullish" nor "bearish," traders say.
Analysts are divided on the outlook for Bitcoin in the short term, with some arguing that it is poised for a breakout to the upside, while others believe that it could be headed for a further decline.
* ** Crypto market breadth widens, signals bullish momentum.
The number of cryptocurrencies that are trading in the green is on the rise, which is a sign of bullish momentum in the market. This is in contrast to recent months, when the market was dominated by a handful of large-cap coins.
* ** SEC says SafeMoon executives withdrew $200 million from crypto project to spend on McLarens and luxury homes.
The US Securities and Exchange Commission (SEC) has accused the executives of the cryptocurrency project SafeMoon of defrauding investors and misusing millions of dollars in funds.
