Since the beginning of the year, Solana (SOL) has been on a turbulent price ride. At first, it rose to a new ATH but crashed 53% amid a broader market correction and is struggling to recover.
The sharp reversal aligned with a cautious mood among traders after Monday's market rally following the ambitious plan, as a CoinDesk analysis previously noted.
A deeper retracement remains likely, with $155 and $145 emerging as critical support levels to watch.
The cryptocurrency market saw a sharp selloff on Tuesday, wiping out recent gains across major digital assets. Bitcoin (BTC) once again dropped to the $84,000 level, reversing its rally after former US President Donald Trump's announcement regarding a crypto reserve.
Onchain data has revealed that FTX/Alameda has unstaked 3.03 million SOL and transferred to multiple wallets on March 4. The firm also noted that 37 wallets received the $421.3 million unstaked SOL.
Economic uncertainty and trade tensions may dampen investor confidence, potentially leading to prolonged volatility in crypto markets. The post Crypto market in free fall ahead of Trump tariff deadline—XRP, ADA, SOL post double-digit losses appeared first on Crypto Briefing.
Cryptocurrency prices were on edge on Tuesday, mirroring the performance of American stocks. Bitcoin price plunged to $84,000, a big drop from the weekend high of over $100,000. The total market cap of all cryptocurrencies tracked by CoinMarketCap plunged by over 10% to $2.77 trillion, while liquidations jumped.
Solana (SOL -21.86%) has been giving up ground over the last day of trading. The cryptocurrency's share price was down 19.4% over the previous 24 hours as of 6:45 p.m.
The cryptocurrency market's focus has once again shifted to Bitcoin as it looks to regain its bullish momentum. A significant recovery ensued following a steep correction that saw Bitcoin momentarily fall below $92,000, driven by the U.S. announcement of a strategic crypto reserve.
The cryptocurrency market has experienced significant volatility recently, and Solana (SOL) has been one of the standout performers, making noticeable gains. As of today, SOL has risen by 15.92%, catching the attention of traders and investors alike.
President Trump's plan to create a strategic reserve of altcoins—and not solely Bitcoin—is puzzling analysts at Bernstein.
Solana price is in the spotlight as the wallets linked to the bankrupt FTX Derivatives Exchange have received a massive SOL stash in a significant headwind for the coin. According to an update from Arkham Intelligence, the wallets tied to the FTX and Alameda Research Estate received 3.033 million Solana from an unidentified address.
President Donald Trump's influence is being felt in the crypto markets, with coins falling alongside stocks ahead of tariffs taking effect.
White House AI and crypto czar David Sacks confirmed he owns no crypto assets, having sold off everything before US President Donald Trump took office.
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Gemini co-founder and CEO Tyler Winklevoss has discussed using altcoins like Solana (SOL), Cardano (ADA), and XRP in strategic crypto in the United States. His comments come amid the growing debate on the suitability of these assets and Bitcoin in a national digital assets stockpile.
Tyler Winklevoss, co-founder of Gemini, has publicly questioned the inclusion of XRP, solana (SOL), and cardano (ADA) in a proposed U.S. strategic crypto reserve. Winklevoss Criticizes Trump's Proposed Crypto Reserve Inclusion of XRP, SOL, ADA Over Suitability President Donald Trump, the 47th U.S.
ADA, XRP and SOL are seeing profit booking just a day after rallying following President Trump's US strategic crypto reserve announcement. Is the market headed toward new lows?
Solana (SOL) has delivered a dramatic shift in market structure, breaking above a descending parallel channel that had dominated its price action for several weeks. Ali Martinez (@ali_charts), who shared the attached four-hour chart, suggests that this breakout could position the token for a potential climb toward $213.
President Donald Trump announced the inclusion of XRP (Ripple), SOL (Solana), and ADA (Cardano) in a new U.S. Crypto Strategic Reserve, triggering a surge in their market value.
The crypto markets witnessed huge volatility in the past couple of days, which increased the global market capitalization to above $3 trillion. Bitcoin's price surged above $95,000, which prevented the price from falling from an extended bearish trend.
Altcoins soar as Bitcoin reclaims $93.5K amid Trump's Crypto Strategic Reserve. Can ADA hit $1.63, SOL rally to $260, and XRP break $4.26?
The Trump pump may prove to be short-lived, as Bitcoin, Ethereum, and other major assets are cooling off following Sunday's surge.
Here's the summary of the top three crypto news stories over the past weekend presented to you by U.Today.
BNB Chain is implementing significant upgrades to Binance Smart Chain to handle increasing meme coin activity, including transaction throughput improvements and a $4.4 million liquidity program.
White House-appointed ‘Crypto Czar' David Sacks confirmed that he liquidated all his cryptocurrency holdings—including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Solana (CRYPTO: SOL)—before joining the administration. What Happened: In an X post on Monday, Sacks cited a Financial Times report detailing his crypto holdings.
Solana has maintained its lead in decentralized exchange trading volumes for five consecutive months, according to DefiLlama data. Solana (SOL) has maintained its lead in DEX trading volumes for five consecutive months, according to DefiLlama data.
Solana (SOL) has found itself at a crossroads as the cryptocurrency faces significant pressure from the liquidation of 11.2 million SOL tokens tied to FTX's bankruptcy. The unlock, which took place on March 1st, has raised concerns of a potential sell-off, with tokens valued between $1.5 billion and $2 billion now entering the market.
The rivalry between Ethereum and Solana has taken a new twist with the current outlook of the DEX metrics over the past month. According to data from DeFiLlama, Solana has retained the top spot per DEX volume in the past 24 hours.
The bulls are dominating today, according to CoinStats.
Solana has jumped by 11% in the past 24 hours, with its rally back to $159 coming after US President Donald Trump mentioned SOL as one of the coins likely to gain entry in a potential crypto strategic reserve. The post Trump's ‘Crypto Strategic Reserve' Names Solana – Can SOL Reach $10,000? appeared first on Cryptonews.
Donald Trump's decision to include select cryptocurrencies in the U.S. Crypto Strategic Reserves has stirred intense debate in the crypto space. According to CryptoQuant CEO Ki Young Ju, the U.S. is now using the crypto market as a strategic tool, especially for its national interests.
Trump aims to establish a U.S. Crypto Reserve to revitalize the digital asset industry. He claims it will counter “corrupt attacks” by the Biden Administration.
The cryptocurrency market erupted after Donald Trump announced the formation of a U.S. Strategic Crypto Reserve, placing key assets like XRP, Cardano , and Solana in the spotlight. Posting on Truth Social, Trump declared his ambition to make the U.S. the “Crypto Capital of the World”, sending shockwaves through the digital asset space.
The crypto market registered a sharp recovery on Sunday after President Donald Trump announced the names of cryptocurrencies to be included in the strategic reserve. As a result, the crypto market cap surged nearly 9% to reclaim the $3 trillion mark and move to its current $3.08 trillion.
Ripple's XRP and ethereum rivals solana and cardano—all regarded as U.S.
Solana marks a quick recovery with a fresh breeze of recovery and a sentimental shift for the altcoin. The SOL price bounces off from $135 to reach the $180 supply zone. Will this recovery drive Solana beyond $200?
Recent weeks have been turbulent in the cryptocurrency market, and Solana (SOL) wasn't spared the turmoil as it collapsed 55.25% from January 19 highs at $284.85 to February 27 lows at $127.47, only to recover marginally to $161.54 by press time on March 3.
Following President Trump's announcement on the Crypto Strategic Reserve on this Truth Social account on Sunday, the entire crypto market has blown skywards. Has this announcement put $ETH, $XRP, and $SOL back on track?
While the idea of a reserve had been floated before, this marks the first time specific altcoins were highlighted, analysts told Cointelegraph.
MetaMask is developing a multichain API that will allow dApps to connect to multiple blockchains simultaneously, both EVM and non-EVM.
Trump's crypto bombshell sent markets surging, with XRP, SOL, and ADA leading the charge before Bitcoin and Ethereum were added.
Solana (SOL) token has witnessed a dramatic price surge that has surprised investors. The token was previously in a severe downtrend due to rising meme coin controversies and declining investor interest.
It happened – Donald Trump named five cryptocurrencies that will form the US strategic reserve. Beyond Bitcoin ($BTC), the US government will buy Ethereum ($ETH), Solana ($SOL), Cardano ($ADA), and XRP ($XRP).
It happened – Donald Trump named five cryptocurrencies that will form the US strategic reserve. Beyond Bitcoin ($BTC), the US government will buy Ethereum ($ETH), Solana ($SOL), Cardano ($ADA), and XRP ($XRP).
Anatoly Yakovenko, co-founder of the Solana project, has recently referred to the current state of bitcoin and its utility. On social media, Yakovenko stated that BTC had no value and could be considered insurance “in the best light.
Solana has faced a persistent downtrend over the past month, shaking investor confidence. However, a 24% surge suggests the worst may be over.