SOL worth $227M moved to centralized exchanges, clouds bullish technical outlook
A SOL market dynamic that characterized the March 2024 price top has reappeared, clouding the token's bullish technical outlook.
Last week, centralized exchanges recorded a hefty net inflow of $227.21 million in SOL, the token powering Solana's smart contract blockchain, marking the highest influx since the third week of March, according to Coinglass.
Bitcoin is on the verge of $100,000 again
The crypto market capitalisation has surpassed $3.5 trillion, the highest since 19 December. Short-term growth in the market is being replaced by periods of consolidation. The market seems to be probing the ground beneath its feet and moving gently upwards. The sentiment index of 76 (extreme greed) indicates a period of active buying, leaving plenty of room for growth.
Key US economic data this week could shake crypto markets
Key US economic reports this week, including jobs data and Fed insights, could drive volatility in crypto markets, shaping Bitcoin's short-term outlook.
This week, key US economic data reports are set to influence crypto markets, with Bitcoin still struggling below the $100,000 mark. Traders and investors are watching closely as job reports, Federal Reserve insights, and consumer sentiment data could trigger market volatility. Economic indicators will help shape investor confidence and guide trading strategies in the coming days.
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