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 increase, shifting market sentiment bearish. SOL faced strong selling pressure at $75 and may drop to $50, supported by technical signals showing accelerating bearish momentum. Traders are advised to watch for a bounce to $70 as a potential entry point for short positions with a favorable risk-reward ratio.
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...
Cryptocurrency prices, including Bitcoin, Ethereum, and Solana, dropped amid Federal Reserve signals of fewer interest rate cuts and a stronger U.S. dollar. Bitcoin fell 1.3% to about $63,980, while Ethereum declined 1.7% to around $1,741. The Fed's ...
