Bitcoin and crypto market sees recovery as Fed official says agency ready to stabilize market if necessary Boston Fed President Susan Collins said the agency will deploy tools to stabilize the market if liquidity concerns rise.
Bitcoin reclaimed the $83,000 mark on Thursday following Collins' comments and a lower-than-expected PPI data.
$ETH , $XRP and Solana also noted gains alongside Bitcoin.
$BTC rallied 5% on Friday, trading just below $84,000 following Susan Collins, head of the Boston Federal Reserve (Fed), hinting that the agency could stabilize markets with "various tools" if needed.
$SOL is a high-performance blockchain platform designed for decentralized applications (dApps) and cryptocurrencies. Here are some key points about Solana: *Key Features:* 1. *Fast Transactions*: Solana can handle thousands of transactions per second (TPS) thanks to its unique Proof of History (PoH) consensus mechanism combined with Proof of Stake (PoS). 2. *Low Fees*: Transaction fees on Solana are significantly lower compared to other blockchains like Ethereum, making it cost-effective for users. 3. *Scalability*: Solana’s architecture is designed to scale horizontally, allowing it to handle large volumes of transactions without compromising speed or security. 4. *Growing Ecosystem*: Solana has a vibrant ecosystem of dApps, DeFi projects, NFTs, and Web3 applications. *Use Cases:* - *DeFi*: Solana is used in decentralized finance platforms for lending, borrowing, and trading. - *NFTs*: Solana supports NFT marketplaces and digital art projects. - *Web3 Applications*: Developers build decentralized apps (dApps) on Solana for various industries. *Potential:* - *Adoption*: Solana’s speed and low fees make it attractive for developers and users. - *Innovation*: Solana continues to innovate with its technology and ecosystem. Solana's (SOL) price predictions vary among experts, but here's a general overview:
*Short-term predictions:* - For 2025, SOL's price is expected to range between $124 and $515, with some experts predicting it could hit $1,000 due to potential ETF approval and technological upgrades. - In the next few months, SOL's price might fluctuate between $121.31 and $133.90, with an average trading price around $127.61.
*Expert predictions:*
- Pantera Capital's Cosmo Jiang predicts SOL's price could reach $1,000 due to ETF approval. - Doo Prime Analysts expect SOL to reach $336.25 in 2025. - Crypto Trader CryptoZachLA predicts SOL's price could hit $450 by 2025 due to ETF and technological upgrades. - Wallet Investor forecasts SOL's price could reach $781.92 as the blockchain ecosystem evolves ¹.#SecureYourAssets
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