Bitcoin plunged to a three-month low below $88,000 Tuesday morning, dragging the wider crypto market down with it.

As the competition heats up for the next altcoin exchange-traded fund (ETF), BlackRock has remained noticeably absent from the race for a Solana (SOL) ETF. The post BlackRock Stays Silent on Solana ETF Plans as Rivals Race Ahead appeared first on Cryptonews.

Solana faces downward price pressure as a whale transfers $127 million in tokens and a major unlock of 11.2 million SOL approaches on March 1

CryptoQuant CEO Ki Young Ju is shaking up the idea of “Altcoin Season” as we know it, suggesting that only a select few altcoins will thrive in 2025. Unlike past cycles, where almost all altcoins are pumped together, Ju believes this bull run will favor projects with strong projects with real-world use cases.

The crypto markets are painted in red today, with the S&P 500 dropping close to 3% in the past few days. The Solana price, which was already trading in a sinking ship, witnessed a rise in the selling pressure, which caused the price to drop below $140.

Time.fun's latest move comes after a trial deployment on the Base network last year, which, by the company's standards, was largely successful.

Crypto market crash adds fuel to the growing token unlock fear among Solana holders. Solana (SOL) price crashed under $150 and warned of a plunge to $100 as Bitcoin hangs at $90K support.

Ether is on the verge of slipping into a death cross, an ominous momentum indicator, with a mixed record of predicting price trends.

The cryptocurrency market is not new in terms of periods of strong altcoin activity, often accompanied by a notable drop in the dominance of Bitcoin, which lets altcoins shine. Altcoin seasons have historically been linked with these times of weakening Bitcoin market dominance, opening the path for alternative cryptocurrencies to record notable price swings.

Wintermute withdrew over $38 million worth of Solana (SOL) from Binance on Feb. 24, just days before the largest token unlock in Solana's history, scheduled for March 1.

The crypto market is witnessing another major wave of volatility today, with meme coins, altcoins like Solana, and even Bitcoin prices taking a major hit. Amid these declines and massive liquidation, a crypto trader lost $24M while swapping TRUMP tokens for USDC.

Rachel Aguirre, the head of U.S. iShares products at BlackRock, highlighted the company's three key principles applied when considering the launch of a Solana ETF. She said that BlackRock's focus remained on meeting customer needs, defining the investment thesis, and evaluating the suitability of ETF packaging.

The crypto markets are witnessing massive sell-offs, which have dragged the major cryptos below their pivotal support levels. Bitcoin dropped below $94,000 initially and later formed the bottom below $92,000 and interestingly, it does not appear to halt the ongoing bearish trend.

Solana has plunged 45% against Bitcoin, marking one of the most significant market shifts of 2025. While SOL has suffered heavy losses, Bitcoins rising dominance signals a liquidity outflow from altcoins.

Solana-based token issuance platform Pump.Fun appears to be developing its own automated market maker (AMM), according to a newly discovered URL, though no official announcement has been made. An AMM enables decentralized trading by using liquidity pools instead of traditional order books.

Solanas (SOL) options market is heating up on Deribit, with whales making significant bearish bets as SOLs price continues to slide ahead of a major token unlock. Last week, block trades on Deribit totaled $32.39 millionnearly 25% of the $130.74 million options activitymarking the second-highest block trade ratio on record, according to Amberdata.

Traders said the current bearish sentiment could be overblown and macroeconomic decisions were key to support market growth.

While Bitcoin.

Cryptocurrency prices dived on Tuesday morning, with Bitcoin crashing below the key support level at $92,000 for the first time in almost two weeks. Other altcoins like Cardano (ADA), Solana (SOL), and Tron (TRX) also crashed.

In a Friday meeting with the SEC's crypto task force, industry leaders asked the regulator to fast-track all sorts of assets for ETF approval.

Solana (SOL) has been garnering significant attention within the cryptocurrency ecosystem due to its impressive scalability and decentralized platform, often dubbed as the “Ethereum Killer.” As of today, Solana is trading at around $152.46, significantly lower than its all-time high of $294.33, which was reached in January 2025.

Solana prices have declined recently, falling to their lowest point of 2025 on Monday, February 24 as numerous bearish variables fueled losses.

While Solana price spirals downward, whales are moving sizable amounts of SOL, sparking fears of a selloff. On the flip side, analysts say the move could be a trigger for an accumulation spree amid prolonged bearish sentiments.

Crypto prices are falling, as Bitcoin and Ethereum lead $686 million worth of liquidations and Solana and Dogecoin show double-digit losses.

Despite leading the Bitcoin and Ethereum ETF markets, BlackRock has yet to file for a spot Solana exchange-traded fund.

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In a technical chart shared today, crypto analyst Koroush Khaneghah, Founder of Zero Complexity Trading, underscores Solana's ongoing downtrend, highlighting pivotal support and resistance levels on the SOL/USDT Perpetual (Binance) daily timeframe. According to the chart, Solana has lost several key zones and is currently hovering near the $157 area—what Khaneghah labels as the “last major support level.

Solana (SOL) has been facing mounting pressure in recent weeks, as its on-chain activity continues to decline, signaling potential trouble ahead for its price. The network's daily active addresses have fallen to a three-month low, reaching 3.5 million.

Hedera (CRYPTO: HBAR) has seen a 35% decline this past month, but the approval process for a spot HBAR ETF has triggered renewed interest among traders. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Hedera (CRYPTO: HBAR) $0.2139 $8.96 billion +1.8% +1.3% XRP (CRYPTO: XRP) $2.44 $141.4 billion -4.3% -7.4% Cardano (CRYPTO: ADA) $0.7253 $25.5 billion -5.2% -8.6% Trader Notes: Crypto trader Javon Marks sees HBAR's first breakout target at $0.504, a 128% increase from current levels.

Solana, the sixth-largest cryptocurrency, has fallen even as multiple asset managers have applied for ETFs based on its spot price.

The SOL price has dropped below $160 for the first time since November 2024 as it remains stuck within a steep bearish channel. Solana has been struggling lately due to increasing selling pressure and a drop in network activity. Several on-chain metrics have declined, along with DEX activity for the 5th consecutive week.

$32 million in whale "block trades" last week show a preference for bearish put options. As 11 million SOL from the FTX estate are set to be unlocked, CoinDesk's Christine Lee explains why SOL price is forecast to slip on "Chart of the Day.

Bitcoin price is at risk of falling from its current trading range and exploring new lows under $90,000. Can bulls turn the tide?

Time.fun founder Kawz claims other platforms could build on top of the concept of tokenized time — and that a token could tie them all together.

TL;DR Pump.fun is developing a new AMM that could displace Raydium as the primary liquidity provider on Solana, shifting the dynamics of meme coins. The RAY cryptocurrency saw a 28.10% drop in 24 hours due to speculation about the impact of this new AMM. Pump.

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The crypto market has resumed its downtrend, shedding $40 billion in market capitalization over the past 24 hours.

BRUTO and CYBERTRUMP are up by 1,400% and 5,300% in the past 24 hours, with at least ten other Sonic-based meme coins posting triple-figure percentage gains today. The post Sonic-Based Meme Coins Start Rallying – Is This the Next Solana? appeared first on Cryptonews.

Another crypto market crash is happening, with Bitcoin, Ethereum, Solana, and the Dogecoin price witnessing significant declines. This development comes amid the uncertainty in the market, which is sparking a bearish sentiment among investors.

Binance and Kraken wallets have issued multiple transactions for Ethereum (ETH) and Solana (SOL). The market operators may reflect the recent deleveraging of blue-chip assets.

Amid market uncertainty, Solana (SOL), the world's fifth-largest cryptocurrency by market cap, appears bearish and is poised to continue its decline in the coming days. With this notable drop, SOL has experienced a significant 37% loss in the past 30 days.

Solana's on-chain struggles persist as daily active addresses hit a three months low of 3.4 million.

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Wintermute withdrew $40 million in SOL ahead of a $2 billion token unlock, raising concerns over selling pressure as market sentiment worsens.

The crypto industry has plunged into another severe slump, with its total market capitalization plummeting to $3.13 trillion- a decline of 0.84%. As a result, top assets are witnessing substantial losses.

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

After months of excitement, the frenzy surrounding the launch of tokens on Solana is slowing down significantly. Pump.fun, the leading platform for launching memecoins, is experiencing a marked decline in its activity and revenue.