{"id":9000,"date":"2023-11-02T04:34:11","date_gmt":"2023-11-02T04:34:11","guid":{"rendered":"https:\/\/www.btse.com\/blog\/?p=9000"},"modified":"2023-11-06T02:18:01","modified_gmt":"2023-11-06T02:18:01","slug":"solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff","status":"publish","type":"post","link":"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/","title":{"rendered":"Solana Hits 14-Month High Amid Bitcoin&#8217;s Uptick and FTX&#8217;s SOL Selloff\u00a0"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The cryptocurrency market saw a modest uptick, with Bitcoin climbing to $35.7K, marking a 3.81% increase, and Ethereum rising to $1.87K, up 3.32%. Amidst these gains, Solana (SOL) surged to a 14-month high, touching $41.94, which is a 9.44% rise. However, there&#8217;s talk of upcoming sell pressure as FTX has unstaked $65 million worth of SOL, indicating potential increased liquidity on the market. Will this selling wave alter Solana\u2019s rally?<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>What to Watch Out for Today<\/b><\/h2>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.coindesk.com\/markets\/2023\/11\/01\/near-token-rallies-amid-nym-partnership-ahead-of-nearcon-conference\/?_gl=1*6nslhi*_up*MQ..*_ga*MjEyMjI2MzkxNy4xNjk4ODk1MDQw*_ga_VM3STRYVN8*MTY5ODg5NTAzOS4xLjAuMTY5ODg5NTAzOS42MC4wLjA.\"><b>Near Token Price Surges Amid Nym Partnership, Ahead of Conference<\/b><\/a><b>: <\/b><a href=\"https:\/\/www.btse.com\/en\/trading\/NEAR-USD\"><span style=\"font-weight: 400;\">The Near Protocol&#8217;s native token, NEAR<\/span><\/a><span style=\"font-weight: 400;\">, soared by 11% after announcing a strategic partnership with Nym Technologies. The Near Foundation is integrating Nym&#8217;s privacy infrastructure, aiming to bring enhanced privacy to transactions on its blockchain. This announcement comes just before Near\u2019s annual conference, Nearcon, in Lisbon. The integration of Nym&#8217;s mixnet could be a significant step forward for privacy in the blockchain space, potentially setting a new standard. How might this development change the landscape of blockchain privacy?<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/decrypt.co\/203974\/paypal-secures-crypto-registration-uk\"><b>PayPal Secures Crypto Registration in the UK<\/b><\/a><b>: <\/b><span style=\"font-weight: 400;\">PayPal has obtained a crypto service provider registration with the U.K.&#8217;s Financial Conduct Authority (FCA), enabling the payments giant to resume offering crypto-related services to its British customers. This move aligns with the stringent AMLD5 regulations and marks a significant step for PayPal in adhering to the U.K.\u2019s financial regulatory framework. With the deadline for compliance fast approaching, the registration ensures PayPal can promote cryptocurrency investments within the prescribed rules. Could PayPal\u2019s entry into the regulated U.K. market spark greater interest in crypto in the country?<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.coindesk.com\/tech\/2023\/11\/01\/crypto-venture-funds-variant-1kx-lead-6m-funding-round-for-zk-meets-ai-startup-modulus\/?_gl=1*6nslhi*_up*MQ..*_ga*MjEyMjI2MzkxNy4xNjk4ODk1MDQw*_ga_VM3STRYVN8*MTY5ODg5NTAzOS4xLjAuMTY5ODg5NTAzOS42MC4wLjA.\"><b>Crypto Venture Funds Variant, 1kx Lead $6M Funding Round for ZK-Meets-AI Startup Modulus<\/b><\/a><b>: <\/b><span style=\"font-weight: 400;\">Zero-knowledge proofs meet artificial intelligence at Modulus Labs, which has successfully raised $6 million in seed funding led by Variant and 1kx. The funding round also saw participation from prominent players in the blockchain ecosystem. Modulus aims to integrate ZKML (zero-knowledge machine learning) into smart contracts, enhancing the security of AI models on the blockchain. This infusion of capital is set to bolster their product development and could redefine the fusion of AI and blockchain security. Could this lead to a larger bullish trend among AI tokens?\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><i>Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at\u00a0<\/i><a href=\"mailto:feedback@btse.com\"><i>feedback@btse.com<\/i><\/a><i>\u00a0or on X @BTSE_Official.<\/i><\/p>\n<p class=\"p1\"><i>Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market saw a modest uptick, with Bitcoin climbing to $35.7K, marking a 3.81% increase, and Ethereum rising to $1.87K, up 3.32%. Amidst these gains, Solana (SOL) surged to a 14-month high, touching $41.94, which is a 9.44% rise. However, there&#8217;s talk of upcoming sell pressure as FTX has unstaked $65 million worth of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-9000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-bytes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Solana Hits 14-Month High Amid Bitcoin&#039;s Uptick and FTX&#039;s SOL Selloff\u00a0 &#8212; BTSE Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana Hits 14-Month High Amid Bitcoin&#039;s Uptick and FTX&#039;s SOL Selloff\u00a0\" \/>\n<meta property=\"og:description\" content=\"The cryptocurrency market saw a modest uptick, with Bitcoin climbing to $35.7K, marking a 3.81% increase, and Ethereum rising to $1.87K, up 3.32%. Amidst these gains, Solana (SOL) surged to a 14-month high, touching $41.94, which is a 9.44% rise. However, there&#8217;s talk of upcoming sell pressure as FTX has unstaked $65 million worth of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/\" \/>\n<meta property=\"og:site_name\" content=\"BTSE Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-02T04:34:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-06T02:18:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2023\/11\/Copy-of-Market-Analysis-34-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"BTSE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BTSE_Official\" \/>\n<meta name=\"twitter:site\" content=\"@BTSE_Official\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BTSE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Solana Hits 14-Month High Amid Bitcoin's Uptick and FTX's SOL Selloff\u00a0 &#8212; BTSE Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/","og_locale":"en_US","og_type":"article","og_title":"Solana Hits 14-Month High Amid Bitcoin's Uptick and FTX's SOL Selloff\u00a0","og_description":"The cryptocurrency market saw a modest uptick, with Bitcoin climbing to $35.7K, marking a 3.81% increase, and Ethereum rising to $1.87K, up 3.32%. Amidst these gains, Solana (SOL) surged to a 14-month high, touching $41.94, which is a 9.44% rise. However, there&#8217;s talk of upcoming sell pressure as FTX has unstaked $65 million worth of [&hellip;]","og_url":"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/","og_site_name":"BTSE Blog","article_published_time":"2023-11-02T04:34:11+00:00","article_modified_time":"2023-11-06T02:18:01+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2023\/11\/Copy-of-Market-Analysis-34-1024x576.png","type":"image\/png"}],"author":"BTSE","twitter_card":"summary_large_image","twitter_creator":"@BTSE_Official","twitter_site":"@BTSE_Official","twitter_misc":{"Written by":"BTSE","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/#article","isPartOf":{"@id":"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/"},"author":{"name":"BTSE","@id":"https:\/\/www.btse.com\/blog\/#\/schema\/person\/46ad80e1bffe6cf5d79938127822f2ca"},"headline":"Solana Hits 14-Month High Amid Bitcoin&#8217;s Uptick and FTX&#8217;s SOL Selloff\u00a0","datePublished":"2023-11-02T04:34:11+00:00","dateModified":"2023-11-06T02:18:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/"},"wordCount":460,"commentCount":0,"publisher":{"@id":"https:\/\/www.btse.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2023\/11\/Copy-of-Market-Analysis-34.png?fit=1920%2C1080&quality=75&ssl=1","articleSection":["News Bytes"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/","url":"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/","name":"Solana Hits 14-Month High Amid Bitcoin's Uptick and FTX's SOL Selloff\u00a0 &#8212; BTSE Blog","isPartOf":{"@id":"https:\/\/www.btse.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/#primaryimage"},"image":{"@id":"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2023\/11\/Copy-of-Market-Analysis-34.png?fit=1920%2C1080&quality=75&ssl=1","datePublished":"2023-11-02T04:34:11+00:00","dateModified":"2023-11-06T02:18:01+00:00","breadcrumb":{"@id":"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/#primaryimage","url":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2023\/11\/Copy-of-Market-Analysis-34.png?fit=1920%2C1080&quality=75&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2023\/11\/Copy-of-Market-Analysis-34.png?fit=1920%2C1080&quality=75&ssl=1","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/www.btse.com\/blog\/solana-hits-14-month-high-amid-bitcoins-uptick-and-ftxs-sol-selloff\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.btse.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Solana Hits 14-Month High Amid Bitcoin&#8217;s Uptick and FTX&#8217;s SOL Selloff\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/www.btse.com\/blog\/#website","url":"https:\/\/www.btse.com\/blog\/","name":"BTSE Blog","description":"Navigating the Crypto Frontier - 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