Solana Eyes Record Highs 📈 – Big Money & On-Chain Strength
koinmilyoner
Updated at: 2 hours ago
{"content":"Solana Eyes Record Highs 📈 – Big Money & On-Chain Strength Fuel Rally 🚀
The crypto market value surpassed $4.09 trillion over the weekend, surpassing its month-ago high. Technology equities in the US stock market on Friday sparked the momentum. Retail traders took the opportunity to profit in BTC and most altcoins, except for Solana, which fell on Monday. Thus, the market dropped to $4.05 trillion.
Bitcoin hit resistance around $116K, but the sell-off is slowing as it approaches $114K, converting the 50-day moving average into support. Bitcoin seems to be stabilizing till the FOMC meeting outcomes. A quarter-point decrease is priced in, but Fed remarks will determine the direction. A desire to slash rates further might push BTC to new highs.
Net weekly spot BTC ETF inflows rose roughly 10-fold to $2.34 billion, the largest since mid-July, according to SoSoValue. Since Bitcoin ETF certification in January 2024, inflows have reached $56.83 billion. The indicator regained all losses from the week on Wednesday.
US spot Ethereum ETF inflows returned last week, at $637.7 million, countering 80% of the prior week's outflows. Since the ETF launched in July 2024, net inflow has reached $13.36 billion.
BitMEX creator Arthur Hayes advised investors to give up on immediate riches from the first cryptocurrency. He believes Bitcoin was meant to fight inflation, not generate money today.
BlackRock, Fidelity, and Franklin Templeton applied to add staking to their spot Ethereum ETFs, but the US SEC delayed its judgment until October or November.
According to Galaxy Digital CEO Mike Novogratz, bitcoin has entered "Solana season." Forward Industries' $1.6 billion SOL treasury launch was crucial. Galaxy Digital bought 2.31 million SOL valued $536 million for reserves.
In its IPO, the Winklevoss brothers' Gemini crypto exchange raised $425 million. The shares were oversubscribed by 20 times due to investor interest.
#FedRateCutExpectations #StrategyBTCPurchase #BitcoinETFMajorInflows #AltcoinSeasonComing? #Write2Earn $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/15/6fafc1ede2874b8d933859cca4df52b0.png"],"tags":[],"tradingPairs":["SOL/USDT"],"quotearticleid":0}