Solana price shows bullish RSI, ETF inflows as price tests key support

Bitcoin exchange-traded funds (ETFs) have commenced December with modest gains, while Ether and Solana have experienced declines in value. This shift comes after a period of significant market fluctuations, with Bitcoin stabilizing around $86,000 despite a broader market downturn that saw a $600 billion decline in November.

A Bitcoin miner recently won a prize of $235,000 in Bitcoin while participating in HMining, highlighting the platform's growing influence in the cloud mining sector. This achievement has drawn attention to HMining's operations and its role in the evolving cryptocurrency landscape.

Kalshi has launched tokenized event contracts on the Solana blockchain, marking its strategic entry into the crypto market to attract traders who have previously engaged with platforms like Polymarket. This move allows users to buy and sell tokenized representations of event contracts, enhancing trading flexibility and accessibility.

The cryptocurrency market experienced a notable rebound on December 2, with Bitcoin and leading altcoins rising over 1% in the past 24 hours, pushing the total market capitalization close to $3 trillion. This recovery follows a period of volatility and significant price fluctuations in recent weeks.

Hyperliquid's price is under increasing pressure as bullish trading volume diminishes, causing concerns about its ability to maintain the $29 support level. Analysts warn that this trend raises the risk of a significant price correction towards $19, reflecting a broader bearish sentiment in the cryptocurrency market.

Strategy has reduced its 2025 Bitcoin yield targets and built a $1.44 billion cash reserve, highlighting the volatility associated with corporate Bitcoin exposure. This pivot reflects a strategic shift towards direct investments in the Bitcoin ecosystem, particularly in Layer-2 infrastructure like Bitcoin Hyper, which offers enhanced transaction capabilities.

Zcash's price has experienced a significant decline of 24%, breaking through multiple support levels and its EMA200, prompting analysts to caution about potential further losses. Despite this downturn, the long-term outlook for Zcash remains intact, particularly regarding its privacy features.

Solana has emerged as the leading blockchain for x402 payments, achieving a record daily transaction volume of $380,000, marking a 750% increase over the past week. This surge highlights Solana's growing adoption and efficiency in processing payments within the x402 ecosystem.