Crypto-tied US companies gained alongside Bitcoin on Monday, as public firms continued to scoop up the cryptocurrency.

Bitcoin, US crypto stocks rise as more firms plan BTC buys

Kraken head of derivatives revealed an ATH in ETH open interest, suggesting 
that traders expect a lot of volatility.

Ethereum braces for volatility as Kraken open interest hits 30k ETH

In a recent post on X, crypto analyst Grayhoood observed that Solana (SOL) is 
currently showing signs of a bullish trend. Over the past 24 hours, the price 
has climbed by 2.8%, with candlestick charts revealing a noticeable upward 
trajectory. Solana Stochastics And CCI Signal Short-Term Strength Earlier in 
the day, SOL briefly dipped to around $151 but managed to recover steadily, 
reaching a current price of $155.35. Grayhoood pointed out that this short- 
term strength is consistent with Solana’s 7-day performance, which shows a 
modest 1.4% increase. However, the longer-term outlook remains volatile, with 
SOL still down by 3.9% over the past year. Related Reading: Solana Picture 
Bigger Than $420: Analyst Predicts 140% Surge To New ATHs Grayhoood revealed 
that technical indicators are suggesting a cautiously optimistic outlook for 
SOL. As price action continues to show signs of recovery, the Relative 
Strength Index (RSI) is likely positioned in a neutral zone, indicating the 
recent uptick. This positioning allows space for further gains, but also 
signals a potential shift into overbought territory if SOL’s price surges too 
rapidly. The Stochastic Oscillator and Commodity Channel Index (CCI) also 
point to short-term bullish momentum, especially with SOL breaking through the 
$154 resistance level. These indicators suggest that buyers are regaining 
control. However, Grayhoood cautioned that while momentum appears to be 
building, the recent price dip observed earlier in the day reveals that 
sellers are not entirely out of the picture. Recovery Gains Traction, But 
Yearly Losses Still Weigh In To further reinforce his claim, the analyst 
pointed to Solana’s moving averages, which currently present a mixed but 
insightful technical outlook. In the short term, the 7-day and 14-day moving 
averages hint at a hold or mild buying pressure. This aligns with SOL’s recent 
bounce from $151 to $155.35, signaling that momentum may be shifting in favor 
of the bulls. Related Reading: Solana’s Old Hands Are Moving—Is Trouble 
Brewing? However, when viewed from a broader lens, long-term averages continue 
to reflect lingering weakness. The 30-day and yearly trends, which show 
declines of 9.3% and 3.9% respectively, suggest that the larger market remains 
cautious. These figures reveal that while the recent gains are encouraging, 
they have not fully reversed the bearish structure seen over the past months. 
Overall, the analyst believes that despite the volatility seen over the past 
few weeks, market sentiment is beginning to lean bullish in the short term. 
Solana’s recent performance, supported by its ability to reclaim key levels 
and maintain upward momentum, offers a more favorable outlook heading into the 
near future. If current trends persist and key resistances are successfully 
challenged, the path may open for a broader shift in sentiment. Featured image 
from Adobe Stock, chart from Tradingview.com

Solana Bounces Back: Bullish Wave Builds Above $155 After Sharp Dip

Bessent&#8217;s potential Fed chair candidacy highlights a shift towards integrating 
cryptocurrency perspectives in U.S. monetary policy.
The post Pro-Bitcoin Scott Bessent emerges as candidate for next Fed chair 
appeared first on Crypto Briefing.

Pro-Bitcoin Scott Bessent emerges as candidate for next Fed chair

A recent social media post by President Santiago Peña announcing the enactment 
of bitcoin as Paraguay’s legal tender, shook the crypto community. 
Nonetheless, this turned out to be a scheme by attackers who gained control of 
the account and tried to take advantage. Attackers Compromise Paraguay’s 
President X Account, Announce Bitcoin as Legal Tender Paraguay […]

No One Fell for It: Paraguay’s Bitcoin Legal Tender Announcement Was a Zero-Sum Hack

The potential approval of Solana ETFs could significantly boost institutional 
investment in crypto, enhancing market legitimacy and innovation.
The post Solana ETFs could be approved in 3-5 weeks, SEC signals openness to 
staking appeared first on Crypto Briefing.