Cryptocurrencies Price Prediction: Bitcoin, Solana & ETF– American Wrap 2 November

FXStreet Team FXStreet

Bitcoin price to bear the brunt of recent rally; Profit booking could send BTC to $30,000

Bitcoin price has had a good run in the last couple of weeks but by the looks of it, the cryptocurrency is set to witness some change in trend. With investors selling for profits, macro conditions opposing optimistic outlooks and the market cooling down, a decline does not seem too far-fetched.

ProShares announces launch of short Ether-linked ETF

ProShares, a major issuer of exchange-traded funds (ETF), announced the launch of the short Ether-linked ETF on Nov. 2.

ProShares’s new Short Ether Strategy ETF is set to start trading on the New York Stock Exchange’s Arca under the ticker symbol SETH and is designed to provide investors with an opportunity to profit from the volatility of Ether’s (ETH $1,811) price.

Solana price rally attracts former BitMEX CEO Arthur Hayes to SOL, here’s why

Solana price climbed 88% over the past month. Bitcoin’s October rally fueled a bullish outlook among market participants, driving gains in altcoins like SOL.

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FXStreet Team

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Ripple and Stellar outlook: XRP and XLM rebound as bearish momentum weakens

Ripple and Stellar trade higher as both altcoins extend their recovery after defending key support levels earlier this week. XRP is up more than 2% so far this week, while XLM has rebounded after finding support around $0.177. Improving derivatives metrics and fading bearish momentum indicators suggest the recovery could extend in the near term.

Crypto Market Overview: Bitcoin eyes 50-day EMA breakout – Ondo, Ether.fi beat the market

The broader cryptocurrency market shows early signs of recovery, with Bitcoin testing a breakout above its 50-day Exponential Moving Average around $65,136. Improving risk appetite has investors turning toward DeFi tokens such as Ondo and Ether.fi that emerge as best performers over the last 24 hours.

Bitcoin bottom may be taking shape as selling pressure eases — Glassnode

Bitcoin's recent recovery may mark the early stages of a bottoming process as macroeconomic data continues to boost investor confidence, according to a Glassnode report on Wednesday. Bitcoin outperformed both US and European equities following the US CPI inflation report on Tuesday, recovering strongly after weeks of trading sideways near recent lows.

Ethereum Price Forecast: ETH rises above $1,900 as BitMine sees improved staking revenue

Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) saw over $45.7 million in staking and validation revenue in the quarter that ended May 31, according to a 10-Q filing with the Securities and Exchange Commission (SEC). That figure represents roughly 98% of the firm's total revenue of $46.5 million, up from $2.05 million over the past year.

Bitcoin: Strategy sells, the market doesn’t care

Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.