Solana is down more than 12% from its monthly high, with the current price around $125.85. Analysts warn that a break below $120 could cause further problems for the cryptocurrency, given the decrease in the total value locked in DeFi on Solana. Cryptocurrency Market Loses Value: In recent months, the cryptocurrency market has lost about $1 trillion, despite the optimism brought by Donald Trump's pro-cryptocurrency policies. Although Bitcoin hit an all-time high of $126,000 in October, it soon followed with a major drop following the announcement of tariffs on China, triggering the largest liquidation event in market history.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Solana in danger:
Solana is down more than 12% from its monthly high, with the current price around $125.85. Analysts warn that a break below $120 could cause further problems for the cryptocurrency, given the decrease in the total value locked in DeFi on Solana. Cryptocurrency Market Loses Value: In recent months, the cryptocurrency market has lost about $1 trillion, despite the optimism brought by Donald Trump's pro-cryptocurrency policies. Although Bitcoin hit an all-time high of $126,000 in October, it soon followed with a major drop following the announcement of tariffs on China, triggering the largest liquidation event in market history.