GBTC Selling Likely to Slow, SOL Nearing Key Support Level
Jan 22, 2024
Market Update Equities are advancing again after reaching new all-time highs last week, buoyed by a pullback in interest rates. Despite this positive trend in equities, gold prices have dipped, and the broader crypto market, including $BTC, continues to face downward pressure. BTC is steadfastly maintaining the $40,000 level as its support, while $ETH has retraced its recent rally to $2,700, now trading at $2,350. This retreat is mirrored in the broader altcoin market, which is also trending downward, exemplified by $SOL retesting the $86 mark (more technical commentary on this below). Intere