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Bitcoin ETF Speculations Trigger Bull Run, Solana and Pushd in Focus

Bitcoin ETF speculations are reaching a fever pitch, with the potential approval of a spot Bitcoin ETF triggering a bull run, which could benefit Solana. However, analysts are expecting Pushd (PUSHD) to outperform both if the Bitcoin ETF is approved.

As of the latest update, Bitcoin has surged by 6% to approximately $47,000, driven by speculations surrounding the imminent approval of a spot Bitcoin ETF. Former SEC Chair Jay Clayton has expressed that there is little reason to reject such an ETF, and rumors suggest that the odds of approval are over 90%. If a Bitcoin spot ETF is greenlit, it could potentially attract more funds to the market, consequently lifting altcoins.

Meanwhile, Solana has emerged as one of the top-performing cryptocurrencies in 2023. Despite experiencing a 20% dip in early 2024, SOL has managed to rebound by 12% in the last 24 hours. This surge is attributed to the speculations surrounding the potential approval of a spot Bitcoin ETF and the increasing on-chain activity. Data indicates that the total value locked (TVL) by Solana’s defi protocols has reached $1.4 billion, the highest since August 2022, signaling a surge in usage and development that could further support SOL prices.

On the other hand, Pushd, a new decentralized online marketplace, has garnered over 10,000 registrants within just over a week. It is anticipated that Pushd prices may rally from the current presale price of $0.048. The platform aims to integrate the ease of use and functionality of traditional online marketplaces like Amazon with the security and benefits of decentralized technology. Additionally, it promises to avoid heavy-handed marketplace policies, excessive know-your-client (KYC) processes, and high listing and transaction fees. Token holders will also enjoy various benefits.

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