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Today's 7-letter Binance Word Of The Day is Giveaway! đ
Unlock rewards & win big! Don't miss out! đđ¤
#WORDOFTHEDAYâ
#Write2Earrn
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Solana ETF approval unlikely in US soon says Sol Strategies CEO Sol Strategies CEO says Canada more likely to approve Solana ETF before the US amid regulatory challenges. Key Takeaways Sol Strategies CEO Leah Wald told Blockworks she anticipates delays in US approval of a Solana ETF, citing regulatory challenges. Canada may approve a Solana ETF before the US due to its track record of leading ETF innovations. Leah Wald, CEO of Sol Strategies Inc., told Blockworks that she is skeptical about the approval of a Solana ETF in the United States in the near future. Despite growing interest in Solana and its ecosystem, Wald believes regulatory challenges and the evolving leadership at the SEC will delay any immediate greenlight for such a product. #OnChainLendingSurge #solana #BinanceAlphaAlert #ElonMusk #Binance
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Bitcoin analyst predicts BTC top will hit this price as the bull cycle ends
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Major selling from year-end rebalances halts, igniting a powerful rally that pushes prices above $100,000 Bitcoin's price has rebounded dramatically, surpassing $102,000 and erasing the struggles of late 2024. Host of CryptosRus, George Tung, attributed the surge to renewed enthusiasm in the market following Wall Streetâs end-of-year profit-taking, tax harvesting, and portfolio rebalancing. He also highlighted the influence of anticipated pro-crypto policies under President Trump, who will be sworn in later this month, setting the stage for significant developments in the crypto landscape. "Fundamentally, nothing has changed for bitcoin," Tung explained. "The selling from Wall Street is over, and 2025 is starting out with FOMO once again." He pointed to inflows of nearly a billion dollars last Friday, which underscored the renewed confidence in bitcoinâs trajectory. According to Tung, "Fundamentals have never been better, with network activity, hash rate, and even Google searches hitting all-time highs." Discussing the broader implications, Tung predicted that bitcoin will see more volatility in the year ahead, as is typical in bull cycles. "Every cycle, we see bitcoin go up and down sometimes as much as 30%. This has been a tame cycle so far, but more volatility and consolidation points are expected." However, he expressed confidence in bitcoin achieving new highs in 2025. As the crypto market continues its upward trend, Tung emphasized that the global enthusiasm for bitcoin and the strategic moves by nations could further bolster its standing. "With the strategic reserve in place, other countries will follow. There's already FOMO among countries and Wall Street, and the fundamentals are all pointing in the right direction," he concluded. #BinanceMegadropSolv
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#BitcoinHashRateSurge Bitcoin Price Climbs: Is This the Start of a Bigger Rally? Bitcoin Price Recovers Further Bitcoin price started a decent upward move above the $95,500 resistance zone. BTC was able to climb above the $96,200 and $97,000 resistance levels. The price was able to clear many hurdles near the $98,500 level. It even spiked above $99,500. A high was formed at $99.739 and the price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $97,250 swing low to the $99,793 high. There is also a connecting bullish trend line forming with support at $97,800 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $97,500 and the 100 hourly Simple moving average. The trend line is near the 76.4% Fib retracement level of the recent upward move from the $97,250 swing low to the $99,793 high. On the upside, immediate resistance is near the $99,800 level. The first key resistance is near the $100,000 level. A clear move above the $100,000 resistance might send the price higher.
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