Solana's price has dropped to around $70, far below its previous high of over $260, marking its most oversold monthly level ever. Despite the price decline, Solana recently set a new single-day record for tokenized stock trading, showcasing strong real-world adoption driven by its fast, low-cost blockchain network. This divergence between a beaten-down price and growing usage presents a potential buying opportunity for long-term investors who can tolerate volatility. However, short-term traders should be cautious as broader market conditions and risk sentiment remain uncertain, meaning prices could fall further before a recovery.
Solana (SOL) fell 6.5% after the Federal Reserve's new chair, Kevin Warsh, emphasized inflation control and refrained from providing rate guidance. Analysts now see a 70% chance of a rate hike by September, with a one-in-three chance of a 50bps incre...
Kraken has launched on-chain trading for over 2,500 Solana-based tokens, allowing users in the US and 100+ countries to trade these tokens directly using USD or USDC without needing external wallets or complex setups. This expands access to many Sola...
Bitcoin, Ethereum, and several other major cryptocurrencies experienced significant price declines exceeding 5% in a recent market downturn. Bitcoin fell to around $62,488, while Ethereum dropped to about $1,679. This widespread sell-off reflects inc...
Solana (SOL) is trading in a bearish technical pattern, below key moving averages, despite rising decentralized finance (DeFi) activity and dominant stablecoin transfer volumes on its network. The token price hovers around $71.43, down about 75% from...
Nearly $460.9 million in leveraged crypto positions were liquidated in 24 hours as Bitcoin and Ethereum gains caused a broad short squeeze, forcing many traders betting on price drops to close positions. Bitcoin rose 1.09% to $140,697 and Ethereum cl...
