Solana's price fell 3.8% to $73.53 on July 24 as the overall crypto market declined due to increased investor risk aversion. Factors contributing to this sentiment include doubts over the Clarity Act's progress, rising U.S. Treasury yields, geopolitical tensions such as the war in Iran pushing oil prices above $100, and anticipation of upcoming events like the Federal Reserve meeting and Coinbase's earnings report. Analysts describe the drop as driven by broader market risk reduction rather than Solana-specific issues, with high volatility expected due to Solana's sensitivity to macroeconomic shifts.
Cardano's ADA token has fallen 50% this year amid a bear market and suffered a $10 million hack on its BNB-Cardano bridge, raising concerns about security. On-chain metrics show low transaction volumes and user activity, suggesting the blockchain is ...
Morgan Stanley has secured approval to list spot Ethereum (ETH) and Solana (SOL) exchange-traded funds (ETFs) on NYSE Arca, trading under the tickers MSSE and MSOL. These ETFs will stake a portion of their crypto holdings to generate additional rewar...
Circle has minted an additional 250 million USDC on the Solana blockchain, raising total USDC issuance on Solana to about $72.01 billion. This is the fourth mint in two days, signaling increased liquidity and activity on the Solana network. Despite t...
Solana (SOL) is facing strong resistance between $77.50 and $83, with analysts warning that the recent rebound may only be a temporary correction. If SOL fails to break above this zone, it could decline toward key support levels near $64 and potentia...
Dogecoin fell 4.5% and ether dropped 2.5% on Friday, leading a mild retreat across major cryptocurrencies as the market took a breather after a strong week. Bitcoin was relatively stable, down only 0.6% to about $65,400. Despite the pullback, most ma...
