Amid President Trump's upcoming visit to China, there are updates regarding the cryptocurrency market, particularly related to Solana (SOL) ETF. Let's delve into the details.
Trump's Visit to China
President Trump is gearing up for a significant visit to China alongside leading corporate executives. At the same time, the House of Representatives is on the verge of approving legislative initiatives that Trump has ardently supported. Attention is shifting towards tariffs, although no official announcements have been made on this front yet.
Updates on Solana ETF
Today, the U.S. markets operated for a half-day, and the Solana ETF completed its second trading day. Despite delays in the listing of cryptocurrency ETFs, investors remain optimistic about SOL's future prospects. Eric Balchunas shared insights on the performance of the Solana ETF on its second trading day. According to Osprey, the Solana ETF $SSK amassed $12 million on its first day, a notable figure when compared to $SOLZ, which took three months to reach that mark. Pre-market volume reached $3 million.
SOL Price Forecast
Bitcoin is currently hovering at $109,550 while U.S. employment data shows slight setbacks. However, the focus is currently on the market losing its upward momentum. If SOL manages to overcome its current challenges, it is anticipated to rise towards the $165-173 range, with a breakout target of $188.
Trump's visit to China may have significant economic implications, while the Solana ETF continues to develop. The price forecasts for SOL remain optimistic, provided that market conditions are favorable.
