Solana: Assessing impact of $8.5M whale action on SOL prices
A major Solana whale deposit sparks speculation, hinting at a potential shift in market momentum.
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A major Solana whale deposit sparks speculation, hinting at a potential shift in market momentum.
The battle between rival cryptocurrencies Solana (SOL -6.55%) and Ethereum (ETH -3.62%) is heating up, and, at least for now, it seems the latter coin is on the back foot.
The cryptocurrency market remained relatively calm on Thursday ahead of the U.S. non-farm payrolls report due Friday. Traders continue to weigh macroeconomic uncertainty against growing optimism in crypto adoption.
Wake up, PayPal just added support for two new cryptocurrencies in the US—and it could be huge for altcoins! Unless you consider reading PayPal's help center a hobby, you probably missed the addition of Solana ($SOL) and Chainlink ($LINK) to its list of supported cryptocurrencies in the US and its territories.
Solana drops 15% to $119, breaking key support levels while launching ETFs struggle and a new policy institute forms in Washington.
This move is a game-changer for PayPal users in the United States who have been waiting for more crypto options. By adding these coins, PayPal is shaking things up.
PayPal users in the United States and U.S. territories can buy Solana and Chainlink directly on the platform for the first time.
Solana (SOL) is currently down over 2% at $126, continuing a broader correction trend that began after its December 2024 peak. However, technical signals suggest underlying strength that could point to a potential recovery.
Solana's price faces crucial resistance as on-chain data hinted at strategic redistribution and long-liquidation dominance.
XRP, Solana (SOL), and Dogecoin (DOGE) have recorded the largest percentage drops in supply currently in profit, according to on-chain analytics firm Glassnode. Over the past 30 days, these cryptocurrencies saw a significant decline in the Percent Supply in Profit metric, reflecting reduced investor profitability as prices fell across the market.
PayPal's expansion of crypto offerings enhances digital asset accessibility, potentially boosting mainstream adoption and merchant integration. The post PayPal adds SOL and LINK for customers in the US and US territories appeared first on Crypto Briefing.
Dogecoin is currently negotiating a narrow trading range that is surrounded by three significant levels of support and resistance that could impact it in the near future. The asset is currently trading at $0.173, down a little for the day and exhibiting signs of indecision as it lingers in the middle of the price range.
Experts warn rising hardware costs could squeeze U.S. miners, while others speculate the government may use new tariff revenues to acquire Bitcoin.
Bitcoin ( BTC) experienced a swift and pronounced decline hours after U.S. President Donald Trump unveiled new tariff measures, collapsing to an intraday floor of $82,352 by 7:15 p.m. ET.
Solana's price action is flashing warning signs as bearish pressure intensifies, threatening to push the asset below the critical $125 support level. Despite previous recovery attempts, sellers remain dominant, preventing any meaningful upside momentum.
The Treanor Law Firm is investigating allegations of fraud, market manipulation, and racketeering related to Libra's launch in February.
Solana is waffling around the $130 mark after a dip under $123 earlier this week. And we seem to be trailing the broader market hokey-pokey around the ongoing Trump tariff drama and bitcoin's rejection below $88k.
March 2025 marks a significant turning point in the DeFi ecosystem: Ethereum regains the lead in the rankings of blockchains in terms of trading volume on DEXs, surpassing Solana for the first time since September 2024. A turnaround that occurs in a pressured market, with a notable decline in activity on Solana, particularly on its flagship platforms.
Solana has formed a bearish flag-and-pole pattern, along with a head-and-shoulders formation on the daily time frame.
Bitcoin (BTC) bulls have pushed the price above the $87,000 level even as US trade tariffs are slated to kick in on April 2. Bitcoin may remain volatile in the near term, but analysts remain bullish for the long term.According to Fidelity analyst Zack Wainwright, Bitcoin is currently in an acceleration phase, which “can conclude with a sharp, dramatic rally” if history repeats itself.
Solana has fallen by 2% in the past 24 hours, but its inclusion in a new Grayscale ETF filing could send it parabolic in the coming months. The post Solana Included in Grayscale's New ETF Bid — Is Wall Street Finally Warming Up? appeared first on Cryptonews.
The crypto market shows bullish potential, with the global market cap increasing by 2.1% over the previous day. Despite the recovery following epic liquidations, Ripple's associated XRP, Solana (SOL) and Dogecoin (DOGE) demonstrate uniform bearishness in a key metric: the percent supply in profit.
Even though the discourse surrounding Ethereum has been mostly dominated by "doom and gloom" narratives over the past month, recent data shows that the popular blockchain network should not be written off just yet.
The self-proclaimed Solana super app doesn't think NFTs are dead yet.