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Tag Archives: SOLUSD

Market Watch: LINK and AXS Explode 10%, Bitcoin Maintains $38K

Bitcoin tried to take down $39,000 but was stopped and dropped to its current level of around $38,000. Most altcoins are slightly less fluctuating today, with Ethereum standing at $2,600. Chainlink and Axie Infinity are among the best performers. Bitcoin Stands Still at $38K It was just a few days ago when the primary cryptocurrency dropped two consecutive times to $35,500 after failing to overcome $36,000. However, the bulls stepped up at this point and pushed the asset...

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Weekend Watch: Crypto Recovery – Bitcoin Eyes $38K, SOL Spikes 8%

Bitcoin’s recovery attempts continue with the asset aiming to overcome $38,000. Most alternative coins have produced even more significant gains since yesterday. Ethereum is up by 7%, while Solana has jumped by 8%. Bitcoin Eyes $38K Ever since bitcoin failed to breach $39,000 on Wednesday, as the Federal Reserve said it will increase the interest rates in March, the asset was unable to display any notable gains. In fact, it dropped to $35,500 hours after the Fed meeting and...

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FTX’s Sam Bankman-Fried: Solana Is Better Than Other Blockchains Despite Multiple Outages

Despite the multiple outages that the Solana network suffered in recent months, FTX CEO Sam Bankman-Fried (SBF) believes the high-performance blockchain is still better than other networks in the industry. The latest Solana network outage happened on Friday and lasted for more than 48 hours, causing DeFi users who borrowed funds from lending platforms to suffer forced liquidation. According to Solana’s team, Friday’s incident resulted from “excessive duplicate transactions”...

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Solana Price Analysis: After SOL Rejected Below $100, This is The Support Level to Watch

Over the weekend, SOL lost the $100 support level, which turned it into resistance. Unsurprisingly, following the negative sentiment, the SOL price dropped today to $80. Key Support levels: $79, $56 Key Resistance level: $100, $130 On Sunday, SOL rejected attempting to break above $100 and, by doing so, confirmed the level as resistance. Earlier today, the price took a nosedive reaching $80 for a short period before a slight recovery. $79-80 support likely be tested again if...

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Solana Network Suffers Yet Another Network Outage: DeFi Users Pay the Price

While the crypto market was bleeding heavily on Friday, Solana experienced another network hiccup that caused panic among traders and DeFi users across the crypto community. 48-hour Solana Network Outage The Solana network has suffered multiple issues within the last few months, and this current incident is the second in January. But unlike other occasions, the latest outage lasted about 48 hours. The Solana team said they first noticed the hiccup on Friday, January 21 2022,...

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Market Watch: Cryptocurrencies See Double-Digit Drops After Wall Street’s Friday Bloodbath

The bears continue to have complete control over the cryptocurrency market with numerous double-digit price losses from almost all assets. This comes just hours after the US stock market dumped in value again. Bitcoin Dumps $8K in Two Days It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago as the asset jumped to $43,500 on Thursday following a $1,500 price hike. However, the situation changed vigorously hours later....

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Solana Price Analysis: SOL Revisits $130, What’s Next?

Key Support levels: $130 Key Resistance level: $155, $170 SOL fell back to the critical support at $130 in the past few days, failing to maintain its rally from last week. Buyers might be interested at current price levels since the last time it visited this key level, bulls came in force and pushed SOL into a relief rally. The resistance currently sits at $155. This level represents the biggest challenge for any possible rally. Chart by TradingViewTechnical Indicators...

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After Volatile Week BTC Reclaims $43K, Litecoin Spikes 8% (Market Watch)

After yesterday’s drop to sub-$42,000 levels, bitcoin bounced off and spiked to around $43,000. Most altcoins are slightly in the green as well on a daily scale, with BNB nearing $500 and more impressive gains from Litecoin and ATOM. Bitcoin Touches $43K The past several days seemed quite positive for the primary cryptocurrency. The asset had recovered from its dip below $40,000 on Monday and was increasing in value gradually. In just a few days, it added more than $4,000 of...

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Bank of America: Solana Could Become The Visa of Crypto

Alkesh Shah – analyst at Bank of America – predicted Solana could continue to steal some of Ethereum’s market share as it’s easy to use and has significantly lower transaction fees. The strategist further asserted that Solana could become “the Visa” of the cryptocurrency industry. High Hopes for Solana Solana has been one of the top-performing cryptocurrency projects in the past 12 months. Its native token has increased its USD value by nearly 4,300% in one year and is...

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$300B Gone From Crypto Markets in 3 Days: Bitcoin Dipped Below $41K (Weekend Watch)

Bitcoin’s situation worsened once more hours ago as the asset dropped to a new three-month low beneath $41,000. Most altcoins are in a similar position today, and the overall losses from the past three days grew to $300 billion. Bitcoin’s Latest 3-Month Low It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago as it traded at $47,000 on Thursday and even tried its hand at $48,000 on Wednesday. However, the bears took...

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