Bitcoin, Ethereum, Dogecoin Rise as Solana ETF Filing Sparks Optimism: Analyst Predicts Bitcoin Surge to $66K

The cryptocurrency market experienced a surge on Thursday, driven by excitement surrounding the filing for a spot Solana ETF by VanEck. Bitcoin saw a brief spike to $62,300 before settling at $61,490.42, a 1.14% increase. Ethereum climbed to $3,439.83, representing a 2.26% gain. Dogecoin also experienced a rise, reaching $0.1269, a 3.55% increase. The Solana ETF filing sparked optimism within the market, as it signifies a potential boost to the cryptocurrency space. Notably, Bitcoin's Open Interest, a measure of outstanding derivatives contracts, increased by 0.48%, indicating a growing interest in the asset. However, despite the optimism, the number of traders placing bullish bets on Bitcoin declined compared to those shorting the asset. This suggests a cautious sentiment among some traders. Analyst Ali Martinez has identified an Adam & Eve bottoming pattern for Bitcoin, suggesting a potential 6% bounce to $66,000. However, this forecast is contingent on Bitcoin closing above $62,200. Meanwhile, Michaël van de Poppe, another prominent analyst, sees significant upside potential for Ethereum, predicting continued growth and a potential breakout for the broader altcoin market if Ethereum reaches 0.06 BTC.