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Ethereum, Solana & Altcoins — Asian Wrap 10 December

By Published On: December 10, 20240.7 min readViews: 110 Comments on Ethereum, Solana & Altcoins — Asian Wrap 10 December

Ethereum (ETH) declined 10% on Monday after investors increased their profit-taking with over $2.5 billion in realized profits. This sparked a two-year high in futures liquidations for the top altcoin. However, ETH exchange-traded funds (ETFs) provide a bullish picture amid the recent selling pressure hitting the market.

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Solana (SOL) is currently consolidating after hitting its all-time high at $264.39 on November 22. While SOL is consolidating, trade volume declined, however, total open interest remains above average levels. 

Ethereum (ETH), Solana (SOL), XRP and the general altcoin market experienced a pullback on Monday, recording over $1.5 billion in futures liquidations. The correction shows that Bitcoin dominance is still outweighing altcoins despite speculations of an alt season.


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