Solana Looks Overbought Against Ethereum; Bitcoin-Gold Ratio Stuck in a Downtrend
The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.
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The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.
Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.
Cryptocurrencies weren’t spared as stocks, bonds, gold and oil all declined on Wednesday.
Solana was the best-performing asset in the CoinDesk 20 Index through the week, advancing 11%, while BTC and ETH declined.
The project is spinning out of Solana Labs and its new leaders want to turn a profit.
More crypto ETFs might not ever be approved if Kamala Harris wins the presidential election.
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Conceived as a live experiment in human interactions with AI models, the viral bot ended up shilling a meme coin.
The bank’s analysts remained bullish on bitcoin and crypto in general no matter who wins the presidency in November.