Bitcoin (BTC) price continues to show strength walking into the weekend despite analysts calling a possible correction. It comes as the countdown to the halving continues, with analysts hoping the event could provide an upward trajectory for the pioneer cryptocurrency to take off.
Ethereum’s (ETH) price continued consolidating for a third consecutive day on Friday after the hefty losses seen at the beginning of the week. Traders continue exercising caution despite news of German asset manager DWS Group launching an Ethereum exchange-traded commodity (ETC) and JP Morgan analysts providing positive updates on Ethereum’s potential security status.
Solana (SOL) is currently trading at $174.50, down 6.8% from Friday. This follows a Bloomberg report on Friday that revealed the bankruptcy administrators of FTX offloaded between $1.6 billion to $1.9 billion worth of locked SOL to firms including Galaxy Trading—an arm of Galaxy Digital Holdings—and Pantera Capital.
