Solana falls to lowest price since November 2024 losing 43% since JanuaryVolatility reigns as Solana's price retreat tests its resilience against past support levels.
Happy Tuesday!As the cryptocurrency market grapples with volatility, Solana has plummeted to its lowest price since November 2024, losing a staggering 43% since January. This decline comes amid a broader trend where investors withdrew $415 million from digital assets, driven by concerns over the Federal Reserve's hawkish stance on monetary policy. However, amidst this turmoil, XRP is experiencing a trading boom on U.S. exchanges, capitalizing on speculation surrounding potential ETF approvals. Meanwhile, Bitcoin remains in a consolidation phase, with traders anxiously awaiting clearer macroeconomic signals as short-term holders face losses. Stay tuned for in-depth analysis and insights on these developments in today's newsletter. 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.09 trillion, with a 24-hour volume of $99.14 billion. The price of Bitcoin is $94,262.47, and BTC market dominance is 60.3%. The price of Ethereum is $2,628.41, and ETH market dominance is 10.2%. The best-performing sector is eCommerce, which gained 6%. The Crypto Fear & Greed Index is currently Neutral (47). Solana falls to lowest price since November 2024 losing 43% since JanuaryVolatility reigns as Solana's price retreat tests its resilience against past support levels. 📰 Top NewsSolana, XRP buck trend as investors pull $415 million from crypto amid Fed’s hawkish stanceCoinShares reported that concerns over US monetary policy prompt investors to withdraw $415 million from digital assets. XRP trading booms on US exchanges as ETF speculation heats upXRP reclaims spotlight with 14% contribution to Coinbase revenue amid rising liquidity and potential ETF news. Bitcoin completes 81 days in consolidation as traders await clearer macro signalsShort-term holders realize losses as the potential for further downside mounts. Ad: TRON Builders League Launches with $10M in Funding to Accelerate Ecosystem GrowthTRON's initiative offers developers financial support and resources to drive innovation and expand the blockchain's global presence. 📈 Latest Insights🗞️ More News
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