Bitcoin Could Struggle to Break $84K Barrier

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Solana price is up today as the wider crypto market rebounds and investors hope for a SOL ETF approval increase with the appointment of a crypto-friendly SEC chair.

Solana price is outperforming the crypto market on April 11, up 7.45% over the last 24 hours to trade at $121.

Solana price appears to be benefitting from a broader market bounce across the entire cryptocurrency market and renewed optimism surrounding a potential Solana ETF approval in the US following Paul Atkins’ appointment as SEC chair. Atkins, known for his crypto-friendly stance, has sparked speculation that altcoin ETFs, including Solana, could face a smoother path to approval. 

The betting odds for a SOL ETF approval in 2025 now stand at 76% on Polymarket. Over the past three months, the probability of approval has swung 11% in favor of the bulls, which was around 65% on Jan. 4.


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