While BTC started yesterday with a decent spike to the $61k level, it could not sustain the gains when the US market opened yesterday and fell back below $60k, testing the support at $58.5k. Meanwhile, data reveals that traders have already accumulated nearly $300 million in open interest, with many positioning themselves for a bullish outcome after the US elections.
TRX emerged as one of the top gainers of the day, nearing its all-time high in USD as Tron gained renewed popularity. The recent launch of Solana’s pump.fun style memecoin website has been a significant driver of this momentum. Tron’s tokens, including SUN and the memecoin SUNDOG, led the pack among the top 500 market cap coins.
Solana holders received more good news yesterday as Brazil’s Securities and Exchange Commission approved its second Solana-based ETF, following the approval of the country’s first Solana ETF just two weeks ago.
