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Solana’s price fell to a 14-month low after a 20% crash, but with the RSI in the oversold zone and investor support intact, the altcoin may be poised for a recovery.
Bitcoin has dropped below the $75,000 mark, signaling a bearish phase. However, futures data and positive funding rates suggest market optimism persists despite the dip.
Bitcoin has faced a steep decline below $80,000, wiping out $25 billion in gains. The altcoin's recovery depends on holding key support and overcoming bearish market sentiment.
Altcoins may see major volatility this week with over $328 million worth of tokens set to be released in the market.
Quick Take Teucrium Investment Advisors LLC is launching a leveraged XRP ETF on Tuesday, which is the first XRP-based ETF in the U.S. market. Multiple U.S. issuers have filed for spot XRP ETFs, which are still being reviewed by the SEC. One analyst said the likelihood of spot XRP ETFs being approved this year has grown, but demand for such funds remains uncertain.
- 09:32An address liquidated 9 million SPX worth approximately $3.88 million over the past 3 daysAccording to monitoring by on-chain analyst Onchain Lens, a crypto KOL oxvyz(@oxvyz) has completely sold 9 million SPX in the past 3 days for a total amount of $3.88 million, with an average selling price of $0.432 per SPX.
- 09:31Gibraltar Court Ends Two-Month Freeze on 542 Million PLAY Tokens in Legal DisputeThe Gibraltar Supreme Court recently lifted the freeze on 542 million PLAY tokens involved in a legal dispute between two affiliates of the Web3 gaming platform PLAY Network. Judge John Restano ruled on April 17 that continuing the freeze could damage the value of the tokens and that the plaintiff's evidence was insufficient. These tokens make up about two-thirds of the circulating supply and are currently valued at approximately $2.6 million, but have plummeted 97% since their listing in December last year.
- 09:31CryptoQuant: The selling pressure in the current market is still strong, and the rise driven by derivatives usually lacks sustainabilityCryptoQuant analyst Darkfost pointed out that the current market has seen the largest scale of growth in open contracts in 24 hours recently. Historically, derivatives-driven rises often lack sustainability. During the strong bull market stages in November and December 2024, open contract volumes grew by 16% and 15% respectively, with positive momentum from the spot market strongly supported by active trading on the derivatives market. However, this time prices only rose by 4.2%, while similar past events led to price increases of 10% and 7%. This difference suggests that there is still strong selling pressure in the current market.