China News Today TheBitTimes.com

The cryptocurrency market took a hit as hotter-than-expected economic data reignited inflation fears, triggering broader concerns. Over the past 24 hours, the global crypto market cap declined by 2.9% to $3.28 trillion, with Bitcoin (BTC) struggling to hold above $97,000. Despite the downturn, some altcoins are gaining traction, edging closer to key valuation milestones. In particular, Finbold has identified two cryptocurrencies, Binance Coin (BNB) and Solana (SOL), on track to reach a $100 billion market cap by March, fueled by growing institutional interest and an expanding DeFi ecosystem. Binance Coin (BNB) BNB is approaching a significant milestone, currently trading at $669 with a market cap of $95.32 billion. A 4.91% increase would push its market cap past $100 billion, translating to a price of $701.  Picks for you AI predicts X...

Though BTC has received the most attention with its march toward $100,000, other coins and tokens have also been moving, and Solana (SOL) has even managed to reach a new all-time high (ATH) in market capitalization earlier in the week. SOL 30-day price chart. Source: Finbold Additionally, between the broad institutional adoption and the exit of the man widely seen as the opponent of digital assets, there has been much talk of a spot SOL exchange-traded fund (ETF), and much discussion about what such a development would mean for the token. In fact, as of November 21, VanEck, 21Shares, and Canary Funds have all filed for a Solana ETF, and Bitwise is expected to submit its documents to the SEC on Friday. Additionally, the work needed for the approval is ‘progressing,’ as are the discussions between issuers and the regulator, per an X post made by Fox’s Eleanor Terrett. Picks for you ...