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Crypto Markets Today: Fear Grips Market as BTC Tests Support, Altcoins Weaken

Bitcoin hovers near $91,400 amid extreme fear in the market, evidenced by a Fear & Greed Index score of 15/100, its lowest since April. With over $1 billion in leveraged futures positions liquidated in the past 24 hours, traders are on edge as volatility peaks. Despite some historical resilience, Bitcoin may retest the $87,500 support level before any significant recovery attempt. The selling pressure has impacted altcoins heavily, with privacy tokens like Zcash and Dash experiencing significant drops of 14% and 9%, respectively. Conversely, tokens related to decentralized derivatives exchanges such as ASTER and HYPE saw gains of 8.5% and 5%. The general sentiment in the altcoin market remains negative, with cumulative losses of 3.8% over the last day, amidst ongoing concerns about a market downturn similar to past crypto winters. Analysts advise caution, as the crypto space remains unpredictable with signs of a downtrend in several trading pairs.

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Fidelity Introduces FSOL Fund, Bringing Major Wall Street Name to Solana (SOL) ETFs

Fidelity has launched the Fidelity Solana Fund (FSOL), marking its entry into the Solana exchange-traded fund (ETF) market and providing a staking-enabled crypto product. This fund is notable as it introduces a well-established financial institution into a relatively new sector that currently has only three spot Solana products available in

Fidelity Introduces FSOL ETF, Bringing Major Wall Street Name to Solana Funds

Fidelity has launched the Fidelity Solana Fund (FSOL), marking its entry into the nascent Solana ETF market with its first product featuring staking capabilities. This new fund arrives as investment interest in Solana is on the rise, following the debut successes of other funds, including Bitwise's BSOL, which

Fidelity Introduces FSOL Fund, Bringing Major Wall Street Name to Solana (SOL) ETFs

Fidelity has launched the Fidelity Solana Fund (FSOL), marking its entry into the Solana ETF market and representing its first staking-enabled cryptocurrency product. This initiative is notable as it adds a significant name from traditional finance into a burgeoning segment of investment products, where only three other Solana ETFs are

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