Bitcoin price triggers bullish trades at $44,000; QCP Capital hints at early spot BTC ETF approval
Bitcoin price is awaiting stimulus, which will now only come when the spot ETF approval gets closer. This might not be too far away, as per QCP Capital, which also predicts the cryptocurrency could shoot up by nearly 11% right after.
Solana price could rise 20% provided Bitcoin builds support above $44,200
Solana (SOL) price has been on a tear, standing among the biggest gainers among the crypto top ten. This is despite regulatory FUD, when the US Securities and Exchange Commission (SEC) labeled SOL a security during its market-wide clampdown against cryptocurrency exchanges. As reported, the hard pump has seen the purported Ethereum (ETH) killer unseat Ripple (XRP) to be the fifth cryptocurrency by market capitalization.
NEAR, STX, SOL: Three altcoins likely to create price tops soon as FOMO peaks
Near Protocol (NEAR), Stacks (STX) and Solana (SOL) are among the top gainers, recording double-digit gains despite Bitcoin struggling to build support above $44,200. Late investors as well as the sidelined ones look from the fences as the early bloomers rake in profit. With this, Santiment data points to rising social volumes, pointing to the need for a cautious approach in trading these altcoins.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Uniswap Price Forecast: Technical outlook suggests a bullish breakout ahead
Uniswap is trading slightly below $8 on Thursday after rejecting a key resistance level on Wednesday. A successful close above this threshold could indicate a rally for the decentralized exchange.
MicroStrategy set to raise $42 billion over 3 years to buy Bitcoin
MicroStrategy released its third quarter financial report on Wednesday. The report revealed its 17.8% BTC yield year-to-date and discussed the company's plan to raise $42 billion to acquire more of the top cryptocurrency.
Celestia's TIA suffers nearly 10% loss following $900 million token unlock
Celestia is down about 9% following increased negative sentiment surrounding its cliff unlock, which is worth about 176 million TIA tokens. The token could see a correction if it fails to bounce off the $4.506 level.
Polymarket accused of conducting wash trades around Trump odds as election draws near: Fortune
Crypto research firms Chaos Labs and Inca Digital revealed that prediction market Polymarket is guilty of performing wash trading on its presidential election market.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.