Crypto Market Starts the Week with a Decline: What is the Current Situation of Solana (SOL)?
The cryptocurrency market started the new week with a decline. The leading cryptocurrency Bitcoin (BTC) approached the $26,000 levels in the early hours of the day, but started trading at around $25,800 with its recent price movements. Solana (SOL), which recorded a loss of over 1% in the last 24 hours, fell to $17.89 levels yesterday evening.
Crypto Market Starts the Week with a Decline
The leading cryptocurrency Bitcoin (BTC) surpassed the $25,900 levels in the early hours of the day and approached the $26,000 levels significantly. However, after surpassing the $25,900 levels, BTC started to decline again and started trading at around $25,800 with its recent price movements.
The cryptocurrency market started the new week with a decline. Most of the altcoins in the cryptocurrency market have experienced various levels of value losses since morning.
Ethereum (ETH) started trading at $1,615 after its recent value losses. The total market value of the cryptocurrency ecosystem also dropped to $1.04 trillion according to CoinMarketCap (CMC) data.
The Current Situation of Solana (SOL)
As Bitcoin (BTC) failed to surpass the $26,000 levels and started to decline again, most altcoins in the cryptocurrency market also accelerated their value losses. Solana (SOL), which has experienced a downward momentum like most cryptocurrencies in recent months, has lost more than 7% in the last week and continued its downward price movements on the first day of the new week.
Solana (SOL), which recorded a value loss of over 1% in the last 24 hours and fell to $17.8 levels yesterday evening, started trading at around $18.3 with its recent price movements. Additionally, after the value losses recorded since last week, Solana’s (SOL) total market value also dropped from $8.3 billion to $7.5 billion according to CMC data.
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