The cryptocurrency market remains volatile, but optimistic outlooks around ETF approvals and favorable comments about Solana are generating renewed enthusiasm among investors.
This Thursday the bitcoin recovers ground, even exceeding 37,000 Dollars with a specific valuation of $36,570, while Ethereum also shows its strength, surpassing the 2,000 dollars with a value of 2,045 dollars.
Experts continue to closely monitor investor enthusiasm for cryptocurrenciesespecially in relation to the possible approval of the exchange traded funds (ETF) of the United States, a measure that would allow directly own cryptocurrencies in these funds.
He Bitcoin experiences an impressive increase in 40% in the last month, Driven in part by Securities and Exchange Commission decision (SEC) not to appeal a ruling that rejected a proposal to convert a Grayscale Investors BTC trust fund into an ETF.
In a move that has kept many in suspense, the top US securities regulator, the SEC, has postponed making a decision on transforming the current Hashdex bitcoin futures ETF into a spot fund. Although this is only one of several proposals under considerationthe SEC is expected to endorse one or more proposals around mid-January, according to ‘Bloomberg Intelligence’ analysts.
Solana: the crypto that stands out of the day
The token Solarium notes an impressive price increase in recent days, almost tripling its value in the last month and reaching $65.10. Famed tech investor Cathie Wood praised the asset’s performance, mentioning its speed and profitability compared to Ethereum.
“Solana is performing excellently,” Wood said on ‘CNBC’. “ANDther used to be faster and cheaper than bitcoin in the past. Solana is even faster and more profitable than ether“.
Despite its superior performanceWood noted that Solana’s downtime is significantly longer than Ethereum’salthough he noted that for many investors speed and cost could outweigh other aspects in importance.
The cryptocurrency market remains volatile, but optimistic outlooks around ETF approvals and favorable comments about Solana are generating renewed enthusiasm among investors.
Source: Ambito
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