Summary
TLDR: The cryptocurrency market started Friday in the red, with Bitcoin, Ethereum, and Solana all falling. The market is showing signs of volatility ahead of the Bitcoin halving, with investors waiting to see if prices will drop or surge. Bitcoin is currently around $63,400, with predictions of hitting $90,000 by 2024. Ethereum is down to $3,320 as investors wait for SEC approval of spot Ethereum ETFs. Solana is down 8% to around $171 after recent surges. The market is also watching for potential investigations and regulatory actions.
Key Points
1. The cryptocurrency market, including Bitcoin, Ethereum, and Solana, experienced losses in morning trading, signaling potential volatility ahead of the Bitcoin halving event.
2. Bitcoin’s price fell over 4% in the last 24 hours to around $63,400, amid anticipation and uncertainty surrounding the upcoming halving.
3. Ethereum also saw a drop of almost 6% in the last 24 hours to approximately $3,320, with concerns about SEC approval for spot Ethereum ETFs and ongoing investigations into the Ethereum Foundation adding to the market’s cautious sentiment.