Solana (SOL) price is trading around $100 on Monday, testing the psychological support level after a 3% decline the previous day. SOL-focused Exchange Traded Funds (ETFs) recorded over $150 million in inflows last week, reflecting strong institutional demand.
The broader cryptocurrency market maintains a bullish character, with Bitcoin (BTC) advancing above $80,000 on Friday amid a $6.16 billion options expiry. Ethena (ENA) extends double-digit gains over the last 24 hours as Ethena Foundation announces buyback of early investors and revenue buyback.
Bitcoin (BTC) has retained a strong bullish outlook since last week, trading around $79,000 on Wednesday. As the Crypto King consolidates, bulls appear to be mulling another breakout attempt to reclaim $80,000 and push beyond the supply zone at $82,500.