The crypto industry is now awaiting the US Securities and Exchange Commission's (SEC) decision on exchange-traded funds (ETFs) on altcoins. Meanwhile, Bloomberg analysts James Seyffart and Eric Balchunas say the odds of most filings being approved have risen to 90%.
Bloomberg analysts have published an updated forecast predicting which cryptocurrency ETFs will be approved next by the US Securities and Exchange Commission (SEC). They expect Litecoin and Solana exchange-traded funds to be approved in 2025 with a 90% probability.
According to CNBC, the Dogecoin cryptocurrency experienced a significant 10% drop yesterday. This decline followed Elon Musk's formal departure from Donald Trump's administration, as well as a recent public dispute between the two over tax reforms on social media.
Dogecoin has demonstrated resilience amid market uncertainty fueled by negative sentiment in the crypto space. While other cryptocurrencies are declining, Dogecoin continues to trade within a stable range, with its price holding above the critical support level of $0.215.
After a volatile weekend, bitcoin and other cryptocurrencies jumped back up again. According to CoinDesk, these fluctuations were driven by Trump's Friday statements on the introduction of 50% tariffs for EU imports from June 1 and the subsequent pause in these measures until July 9.
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