In the cryptocurrency market, an incredible price movement occurred 2 days ago, and BTC’s value dropped to $58,500 for the first time in a long period. Since the FED interest rate decision announced about 2 weeks ago, BTC’s decline reached this period’s low level. BTC’s drop triggered a decline in altcoins, creating a selling pressure across the market. After this point, things changed, and a noticeable price recovery occurred. BTC’s price rose again to $61,700, and altcoins also moved. DOGE became one of the standout meme coins of the day, while two different altcoins in the top 10 were among the day’s biggest gainers.
Solana Coin Analysis
At the beginning of 2023, Solana hit rock bottom but then experienced a remarkable recovery, with the price rising above $200, which perhaps no one outside of its investors expected.
Towards the end of 2023 and even in March, there was a complete Solana frenzy, with the price surpassing $200. After this period, a noticeable price correction occurred.
As of today, SOL experienced a 3.4% rise following the week’s gains. Despite a 0.48% weekly decline, SOL’s price is around $136.50. This slowdown in the price drop still indicates a 19% decline over the past month.
Following the recent price movements, Solana’s market cap rose to $63 billion, while daily trading volume dropped by 25% to $2.5 billion.
On the other hand, the total value locked in the Solana network changed, reaching $4.25 billion. These data provided by DeFiLlama indicate a 6.44% increase in the last 24 hours. The increase in market activity seems to have triggered a rise in DeFi volumes as well.
Cardano (ADA) Latest Status
Recently, ADA, which has been frequently mentioned due to its decline, saw a recovery today. In the last 24 hours, ADA’s price rose by 3.88%, reaching $0.3914. 
In the weekly outlook for ADA, a 2.07% increase is noteworthy. During this period, the market cap rose to $13.990 billion. ADA’s 24-hour trading volume is around $264.97 million.
Investors are now eagerly waiting to see when Solana will return to $200 and ADA will reclaim $1.
