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Acording to Bloomberg ETF analyst Eric Balchunas has projected that Solana ETFs, if approved, will start trading by
• March 2025
The SEC can delay ETF applications multiple times but must make a final decision within *240 days of the initial application.*
• Balchunas emphasized that November is a crucial month due to the upcoming presidential elections in the U.S.
Ethereum is trading below its 21-day, 50-day, and 200-day simple moving averages. However, the relative strength index (RSI) has risen to 39, and the Chaikin Money Flow (CMF) is at -0.05 and climbing.
These indicators suggest that Ethereum may be gaining bullish momentum, with potential for price increases.
Meanwhile, Solana is forming an ascending triangle pattern on the 4-hour chart and is currently near the bottom trendline. It is also below its 21-day, 50-day, and 200-day moving averages. The 200-day SMA, around $143, serves as a key resistance level, matching the horizontal resistance of the triangle.
It's not Germany selling the bitcoin it's the state of germany Saxony. Since seizing nearly $3 billion in January, Saxony has sold over half of its Bitcoin holdings, disrupting the market.
The real reason they are selling the bitcoin is
Earlier this year, Saxony's Criminal Police Office (LKA) seized 49,857 Bitcoin (worth nearly $3 billion) from Movie2k.to's operator for money laundering and other crimes. Recently, the German Federal Criminal Police Office (BKA) began moving thousands of BTC to exchanges like Kraken, Coinbase, and Bitstamp, reducing the wallet's holdings to 23,788 BTC, indicating an intent to sell.
So we can take more bitcoins thanks to them it is distributed to market.
