What movements we expect from Crypto over the weekend

Over the weekend, we can expect interesting movements in the crypto markets, with growing institutional interest likely to continue influencing the space. According to recent news, the German insurance company Allianz purchased nearly 25% of MicroStrategy’s bonds worth $2.6 billion, signaling robust growth in institutional investments in Bitcoin. At the same time, Solana marked a new all-time high, highlighting the positive market sentiment and growing confidence in altcoins. This may lead to increased interest in other projects over the weekend. Bitcoin’s rise to nearly $100,000 also suggests the possibility of new records in the coming days, with analysts predicting a rally above $100,000. Additionally, the resignation of Gary Gensler as SEC Chair in January 2025 may bring heightened volatility to the crypto market, potentially opening opportunities for new regulations and industry changes.

Over the weekend, the crypto market is expected to continue its upward movement, with Solana (SOL) taking center stage. Following the news of Gary Gensler’s resignation as SEC Chair, optimism among investors has been stimulated, creating the potential for further price increases in assets that have faced regulatory pressure, including Solana, XRP, and Cardano.

Given the recent positive dynamics in the crypto market, with significant gains for Cardano, expectations for the weekend remain optimistic. Cardano (ADA) is showing a strong upward trend, with the potential to break through key resistance levels, particularly if the broader market continues to benefit from favorable regulatory expectations. Traders may focus on maintaining support around $0.80 for ADA, with the possibility of a surge if the trend persists over the weekend.

XRP is expected to continue demonstrating strong performance, supported by Ripple’s strategic partnerships and the growing interest in the cryptocurrency. Additionally, record open interest for XRP and expectations for a more favorable regulatory environment are likely to sustain the positive trend and increase the likelihood of new price highs over the weekend.