BitcoinBTCCryptocurrency EducationETHEthereumNewsSOL

Top 3 Cryptocurrencies to Watch This Weekend

1 Mins read

The cryptocurrency market is bracing itself for a potential spot Bitcoin (BTC) ETF (Exchange Traded Fund) approval from the SEC (Securities and Exchange Commission). If the SEC approves one or more spot BTC ETFs, there is a chance that the market will enter a bull run, and prices may skyrocket like in 2021.

Hence, let’s look at three crypto projects to watch this weekend.

Top 3 cryptocurrencies to watch this weekend

Bitcoin (BTC):

Key Events to Watch for Bitcoin This Week

Bitcoin (BTC) is the current market leader, with other coins following. If the SEC approves a spot BTC ETF, the original crypto will be the first to rally. Many analysts anticipate the SEC to greenlight one or more ETF applications this week. According to Bloomberg, there is a 95% chance of the financial watchdog approving an ETF application. Therefore, it is a good idea to watch BTC over this weekend. The larger market will likely mirror BTC’s movements.

BTC’s price currently holds above $46,000 and is almost at its highest since March 2022.

Ethereum (ETH):

Ethereum cryptocurrency
Source: Investopedia

Ethereum (ETH) is the second-largest cryptocurrency by market cap. Although the asset surged by nearly 80% in 2023, its performance did not come close to the likes of Solana (SOL), which rallied by over 900%. However, if a spot BTC ETF is approved, ETH may follow BTC’s movement very closely.

Solana (SOL):
Solana
Source – Wealth Mastery

Solana (SOL) was among the best-performing cryptocurrencies in 2023. However, the fifth-largest crypto has faced a sharp correction at the beginning of 2024. SOL’s price has fallen below $100 and may be a good entry point for new buyers.

SOL is currently down 4% on the daily chart and 7.7% on the weekly chart.

Source: CoinGecko

Despite the recent correction, there is a possibility that SOL will regain traction soon. Moreover, if a spot BTC ETF is approved and we enter a bull run, SOL’s price may reclaim its previous all-time high.

Source

1409 posts

About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
Articles
Related posts
CryptoNews

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…
BNBCryptoNews

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…
CryptoNews

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥

Ailtra.ai will not disclose your account information to any 3rd parties.