Recent developments in the world of digital currencies have sparked lively discussions. Issuer companies announced the approval of the Solana ETF, which could significantly impact the cryptocurrency market.
Crypto Currency Alarms
Upcoming changes in tax policy are causing concern among traders and analysts. An EU official will visit the USA to discuss tariff issues. Despite having a retaliation strategy in place, Donald Trump's refusal to compromise may exacerbate economic consequences. Currently, the price of ETH remains below $2,500, and the weakness in altcoins continues. Analysts note that the current decision-making phase will be crucial for future market trends.
HYPE Coin
HYPE Coin stands out among other currencies. During bullish periods, it has shown rapid price increases. Analysts, including Altcoin Sherpa, believe this project has potential for growth amid an upward trend in the crypto market. The support level at $37,169 may be a significant marker for short-term projections.
Market Analysis and Predictions
Analysts are discussing upcoming changes and predicting that major movements in the market might begin after testing the $100,000 zone. Given the 4th of July celebration in the USA, expectations for significant movements are low this week. Support is expected to be tested before any decisive actions occur.
The approval of the Solana ETF may serve as a turning point for significant changes in the cryptocurrency market. However, uncertainty in economic policy and current analyses may influence short-term prospects.
