Solana

Galaxy

Bitcoin

<div class="cryptonews">
 <p class="is-style-lead">The coin was one of the top gainers on Nov. 9 amid a broad <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> upturn that propelled Bitcoin (BTC) to an 18-month high as crypto’s leading token headed toward $38,000.</p>
 <p>Bitcoin’s leap above $37,000 for the first time since May 2022 coincided with Solana’s <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap breaking above the $20 billion mark as inflows poured into cryptocurrencies across the board.&nbsp;</p>
 <p>The last time SOL boasted a <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap north of $20 billion was in summer of 2022, during Terra’s collapse and caused subsequent bankruptcies among some of the industry’s top firms, like Three Arrows Capital.</p>
 <p>Solana (SOL) has seen double-digit gains in 24 hours and during a seven-day sprint as digital asset proponents surmised that crypto winter might be thawing in the run-up to a possible spot Bitcoin ETF approval from the U.S. Securities and Exchange Commission (SEC).</p>
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   <img decoding="async" width="1024" height="618" src="https://cdn.thebittimes.com/images/2023/11/09/d1557ef09279185c35c81aab9e89e804.webp" alt="Solana breaks $20b market cap as ETF buzz fuels Bitcoin over $37k - 1"> 
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   Top 10 cryptocurrencies on Nov. 9 | Source: Coingecko
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> JPMorgan foresees lawsuits for SEC on spot Bitcoin ETF rejections
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 <p>While BTC flirted with $38,000, rising as high as $37,900 on some trading venues, the SEC is reportedly in talks with Grayscale regarding the firm’s BTC ETF.&nbsp;</p>
 <p>Grayscale CEO Michael Sonnenshein said that a possible timeline for a decision was not disclosed by America’s securities watchdog, however, an eight-day window opened where all 12 applications could be approved as reported by crypto.news.</p>
 <p>Experts at Galaxy Digital predicted a 74% increase in BTC prices as ETFs could usher in $14.4 trillion of capital in their first year. This number could rise to $39 billion by year three, as the firm sees spot Bitcoin ETFs as a more efficient investment channel compared to existing options.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Coinbase’s Grewal expresses optimism about approval of Bitcoin ETFs
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-breaks-20b-market-cap-as-etf-buzz-fuels-bitcoin-over-37k-tbt69710.html">https://thebittimes.com/solana-breaks-20b-market-cap-as-etf-buzz-fuels-bitcoin-over-37k-tbt69710.html</a></p>

Solana breaks $20b market cap as ETF buzz fuels Bitcoin over $37k

TheBitTimes

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