These Two Altcoin ETFs Are About To Start Trading On NASDAQ – It’s Not XRP Or Dogecoin

The European Central Bank is setting its sights on launching the digital euro by 2029, a move that has been deemed realistic by senior officials. This initiative is significant as it marks a step towards modernizing the European financial landscape, with preparations continuing even after the current phase concludes in October 2025. The success of this timeline hinges on new EU regulations and the bank's technical readiness, making it a pivotal moment for the future of digital currencies in Europe.

Recent market trends show a significant shift in investor preference, with Bitcoin ETFs gaining $839 million while gold funds suffered a loss of $4.10 billion. This change indicates a growing confidence in Bitcoin as a preferred investment over traditional gold, which could have long-term implications for the cryptocurrency market and its acceptance as a viable asset class.

On October 30, the crypto market experienced a downturn, with major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP seeing declines. This drop follows the Federal Reserve's decision to cut interest rates by 25 basis points, prompting investors to take profits. The total market capitalization fell by 1.5% to $3.9 trillion. This matters because it highlights the sensitivity of the crypto market to macroeconomic changes, and how quickly traders react to shifts in monetary policy.

The launch of two Solana ETFs on the U.S. market has sparked excitement in the crypto community, with many speculating about a potential price breakout for Solana, possibly reaching $200. This development is significant as it highlights the growing interest in cryptocurrency investments and the impact of ETFs on market dynamics, potentially attracting more investors to the Solana ecosystem.

Dogecoin is currently facing significant challenges as its price hovers around $0.2, reflecting a negative market sentiment. The potential for a recovery seems bleak, especially with resistance at $0.21 and declining trading volume. This situation is critical for Dogecoin, as a failure to break through this level could lead to further declines, impacting investors and the broader cryptocurrency market.

Ethereum ETFs have faced a setback as they recorded outflows of $81.44 million on October 29, following just two days of inflows. This decline highlights the ongoing volatility in Ethereum's price, which has struggled to maintain the $4,000 mark. The situation is significant as it reflects investor sentiment and market confidence in Ethereum, indicating that many are cautious about the cryptocurrency's future performance.

Bitcoin exchange-traded funds (ETFs) experienced a significant shift as they recorded over $470 million in outflows, ending a four-day streak of inflows. This change comes as investors look to take profits and adjust their positions ahead of an important speech by Fed Chair Jerome Powell. The movement in the market highlights the volatility and uncertainty surrounding Bitcoin investments, especially in response to economic indicators and central bank communications.

The recent rate cut by the Fed didn't boost crypto markets as many had expected, since it was largely anticipated. XRP's price is currently facing a resistance at $2.70, with potential for a breakout that could see it rise to $4.50 in the short term and $15 in the long term. Meanwhile, investors are showing interest in Bitcoin Hyper ($HYPER), which is being touted as a potential 1000x crypto, reflecting a growing trend towards utility-driven altcoins. This situation highlights the volatility and speculative nature of the crypto market.

The European Central Bank is setting its sights on launching the digital euro by 2029, a move that has been deemed realistic by senior officials. This initiative is significant as it marks a step towards modernizing the European financial landscape, with preparations continuing even after the current phase concludes in October 2025. The success of this timeline hinges on new EU regulations and the bank's technical readiness, making it a pivotal moment for the future of digital currencies in Europe.

The Pi Network has recently experienced a short-term price uptrend but faced a significant rejection at the $0.29 mark. Despite this setback, the overall sentiment remains bullish as long as the price stays above the ascending trendline that supports the current upward movement. This situation is crucial for investors to watch, as it could indicate whether the uptrend can continue or if further corrections are on the horizon.

Brazil's central bank is taking a significant step towards modernizing its financial policy by considering the addition of Bitcoin to its official reserves. This move could position Brazil as a leader in cryptocurrency adoption, potentially attracting investment and enhancing its economic stability. As the global financial landscape evolves, this decision reflects a growing recognition of digital currencies' importance.

Ethereum's price is struggling to maintain the $4,000 mark, with recent data indicating a bearish trend. Weak onchain activity and low demand in futures markets suggest that the price could drop to around $3,500. This situation is significant as it reflects broader market sentiments and could impact investor confidence in Ethereum's recovery.

The recent FOMC event has left many Bitcoin investors disappointed, as the anticipated price surge failed to materialize. While long-term holders may not be too concerned, those who bought at peak prices are feeling the pressure. With Jerome Powell and the Federal Reserve seen as the last hope for a price increase, the situation raises questions about what could actually drive Bitcoin's value higher in the future.

Mastercard is reportedly in discussions to acquire Zerohash for up to $2 billion, a move that could significantly enhance its capabilities in the digital asset space. This acquisition highlights Mastercard's commitment to expanding its services in cryptocurrency and blockchain technology, which is increasingly important in today's financial landscape. By integrating Zerohash's innovative solutions, Mastercard aims to strengthen its position as a leader in the evolving digital economy.