Bitcoin (BTC) and Ethereum (ETH), the two largest assets by market capitalization, sustained above key support levels early on Friday.
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AVAX/USDT daily chart
Avalanche (AVAX) is trading at $28.49 at the time of writing. The Moving Average Convergence Divergence (MACD) momentum indicator shows bullish signs, with the MACD line crossing over above the signal line and the green histogram bars above the neutral line.
AVAX could extend gains to resistance at $31, an 8.77% rally for the asset. AVAX could find support at the Fair Value Gap between $26.66 and $27.66, as seen in the chart.
I am excited to announce that VanEck just filed for the FIRST Solana exchange-traded fund (ETF) in the US.
— matthew sigel, recovering CFA (@matthew_sigel) June 27, 2024
Some thoughts on why we believe SOL is a commodity are below.
Why did we file for it?
A competitor to Ethereum, Solana is open-source blockchain software designed to… pic.twitter.com/XwwPy8BXV2
BREAKING: The Supreme Court has just ruled in a 6-3 vote that when the @SECGov seeks penalties for fraud, a defendant is entitled to a jury trial in federal court, as opposed to being subjected to the agency’s “in-house” legal proceedings.
— Eleanor Terrett (@EleanorTerrett) June 27, 2024
Coinbase Stripe
— Coinbase ️ (@coinbase) June 27, 2024
Coinbase is partnering with @stripe to bring @base's faster, cheaper financial infrastructure to millions of businesses around the world.
Here’s what we’re doing ↓ pic.twitter.com/OwNOFqFbFB
Jun 27 Update:
— Lookonchain (@lookonchain) June 27, 2024
9 ETFs decreased 548 $BTC(-$33.86M).#Grayscale decreased 500 $BTC(-$30.86M) and currently holds 275,896 $BTC($17.03B).#Fidelity added 262 $BTC( $16.2M) and currently holds 167,791 $BTC($10.36B).https://t.co/AvU4BaJ6S5 pic.twitter.com/FMD2sh5agu
Crypto market capitalization surged 1.5%, crossing $2.413 trillion, as seen on CoinGecko.