Posted 11/29/2023, 6:57:00 AM
Bitcoin Jumps Above $38K on Renewed ETF Hopes; Solana Leads Charge as Crypto Market Picks Up Momentum
- Bitcoin rose above $38,000 as hopes for a spot bitcoin ETF approval were revived and analysts expected rate cuts
- Solana's SOL token led gains among layer-1 blockchains, jumping 8% to reverse recent losses
- Avalanche's AVAX and Cardano's ADA also saw gains over 5%
- The overall crypto market index rose over 2.5% amid growing momentum
- Standard Chartered bank doubled down on its $100,000 bitcoin price forecast by end of 2024 due to expected spot ETF approvals