Latest news with #SOL-USD
Yahoo
03-07-2025
- Business
- Yahoo
Bitcoin's big year fails to lift Ethereum, Solana: Chart of the Day
Crypto's rollercoaster year continues, with ethereum (ETH-USD) and Solana (SOL-USD) both down sharply this year despite gains in bitcoin (BTC-USD). Morning Brief: Market Sunrise anchor Ramzan Karmali explains how $300 billion in crypto value has been wiped out in 2025 and which tokens are still seeing momentum. To watch more expert insights and analysis on the latest market action, check out more Morning Brief: Market Sunrise here. So, on the face of it, 2025 was supposed to be a boom year for crypto. But truth is, as you can see on screen, while Bitcoin is up, other major cryptocurrencies are actually in the red for the year. Here we have Solana and Ethereum, both major players in this field, that are both down significantly after some big swings. Well, despite key legislation that is expected to pass in Congress and even if President Trump and his family have ventured into the sector, beyond the bullish headlines, crypto assets are facing steep declines. According to a Bloomberg calculation, more than $300 billion of crypto value has been wiped out so far this year. Bitcoin is now about two-thirds of the total market value of crypto assets. That's the highest since 2021. So, can crypto face a mass extinction event? Well, it wouldn't be the first time and the crypto world is certainly used to volatility. On the other hand, tokens like Maker or hyperliquid, along with other projects linked to decentralized finance protocols, are on the rise. And the traditional crypto platforms like Kraken are opening new markets.
Yahoo
05-06-2025
- Business
- Yahoo
SOL Slips Below $150 as Whale Outflows Weigh on Market Sentiment
Solana (SOL) continues to face mounting bearish pressure as the price slid below the psychological $150 level, marking a 5.2% drop in the past 24 hours. The sell-off intensified during the early afternoon session with high-volume trades flooding exchanges. Analysts attribute the decline to more than 3 million SOL tokens being transferred to centralized platforms over the past three days, coinciding with more than $468 million in estimated outflows. This significant shift in on-chain activity has cast doubt on short-term recovery prospects, even as the Solana network continues to post strong usage metrics. With over 100 million transactions and 7 million daily active addresses, the fundamentals suggest long-term strength, but price action remains disconnected from protocol performance. Analysts say reclaiming resistance at $153 and stabilizing above $150 is now critical to preventing a deeper retracement. Technical Analysis Highlights SOL-USD posted a $8.19 range from the high of $157.98 to a low of $149.79. Price breached psychological support at $150 during a massive 182K volume spike at 13:56. Resistance remained firm at $153.00 as repeated recovery attempts failed during the late session. A descending channel has developed with lower highs and lower lows dominating the chart. Volume surges at 13:39 (21K), 13:45 (66K), 13:51 (89K), and 13:56 (182K) confirm aggressive selling. Modest buy interest is emerging around $149.50-$150.60, but downside risk persists if bulls cannot hold the current floor. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Yahoo
05-04-2025
- Business
- Yahoo
Will bitcoin hit $125,000 this year? Yahoo Finance readers have their say
Bitcoin (BTC-USD) rallied at the start of the week, after US president Donald Trump revealed that the digital token and four other cryptocurrencies would form part of a US strategic reserve. The price of bitcoin (BTC-USD) surged to $93,658 on Monday, with ether (ETH-USD), solana (SOL-USD), XRP (XRP-USD) and cardano (ADA-USD) also rising, after Trump said in a social media post on Sunday that these five cryptocurrencies would be included in the stockpile. Trump said he had signed an order that "directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA". On Thursday night, Trump then authorised the creation of a strategic bitcoin reserve and a separate US stockpile of other digital assets. This came ahead of the White House Crypto Summit on Friday, where the US government is expected to unveil new cryptocurrency policy initiatives. Trump and key administration officials are set to meet with cryptocurrency industry leaders to discuss the future of digital assets and potential regulatory frameworks. Since Monday's rally, the bitcoin (BTC-USD) price has fluctuated and was trading at $91,070 on Friday afternoon. Russ Mould, investment director at AJ Bell, said that "sceptics will argue that holders' desire for regulatory recognition and government approbation runs strongly counter to the initial ethos of bitcoin (BTC-USD) and crypto, namely that it was outside 'the system'. As a result, no-coiners will also continue to ask what purpose crypto can serve and problems it can solve, if it is simply another tool for government or financial market speculation." He said that one challenge for those bullish on bitcoin (BTC-USD) was news flow. "Everything they could have hoped for upon Trump's victory has happened and even rampant buying by Michael Saylor's MicroStrategy (MSTR) is not proving enough to fend off the latest price swoon, at least as yet," Mould added. We asked Yahoo Finance UK readers in a poll if they thought that bitcoin (BTC-USD) could hit $125,000 this year. We received 523 votes, with 42% of respondents believing it could reach this level, though 48% disagreed and 10% were undecided on the matter. Read more: European Central Bank cuts interest rates to 2.5% The lenders offering sub-4% fixed mortgage rates Bitcoin price rises ahead of Trump crypto summitSign in to access your portfolio
Yahoo
24-03-2025
- Business
- Yahoo
Bitcoin Pops, Ethereum Lags as Economic Data and Trump Shift Drive Sentiment
Bitcoin (BTC-USD) jumped to $87,583.60 as of 7:25 a.m. ET Monday, rising 3.43% and setting the tone for what could be a volatile week in crypto. Traders are watching a mix of signalsU.S. economic data on the way, record-low Ethereum burn rates, and Donald Trump hinting at lighter tariffs. With analysts calling time on the bear market, there's growing buzz that sentiment may finally be turning. Over the weekend, Bitcoin was holding just above $85,000. But things flipped after reports suggested April 2 tariff measures might be softer than expected. That, along with the Fed's cooler stance on inflation, pushed investors back into risk mode. Bitcoin is attempting to form a bottom, said Markus Thielen of 10x Research, noting Trump's shift on tariffs. He added that Jerome Powell's dovish tone last week helped spark optimism in both crypto and stocks. Now all eyes are on economic reportsconsumer confidence, personal spending, and PCE inflation. Nick Ruck of LVRG Research warned weak data could tighten wallets and curb appetite for speculative assets. Still, not everyone is cautious. Augustine Fan of SignalPlus thinks hard data remains solid and current price levels could appeal to long-term buyers. Meanwhile, Ethereum (ETH-USD) barely moved. Just 50 ETH was burned Sundayits lowest ever. That's a 99% drop from the 2022 peak, with users shifting to cheaper chains like Solana (SOL-USD) and Tron (TRX-USD). Some analysts believe the downturn won't last much longer. Timothy Peterson, who wrote Metcalfe's Law as a Model for Bitcoin's Value, sees the slump ending within 90 days. He expects Bitcoin to rally 2040% after April 15, which he says could draw sidelined investors back in. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
Will bitcoin hit $125,000 this year? Yahoo Finance readers have their say
Bitcoin (BTC-USD) rallied at the start of the week, after US president Donald Trump revealed that the digital token and four other cryptocurrencies would form part of a US strategic reserve. The price of bitcoin (BTC-USD) surged to $93,658 on Monday, with ether (ETH-USD), solana (SOL-USD), XRP (XRP-USD) and cardano (ADA-USD) also rising, after Trump said in a social media post on Sunday that these five cryptocurrencies would be included in the stockpile. Trump said he had signed an order that "directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA". On Thursday night, Trump then authorised the creation of a strategic bitcoin reserve and a separate US stockpile of other digital assets. This came ahead of the White House Crypto Summit on Friday, where the US government is expected to unveil new cryptocurrency policy initiatives. Trump and key administration officials are set to meet with cryptocurrency industry leaders to discuss the future of digital assets and potential regulatory frameworks. Since Monday's rally, the bitcoin (BTC-USD) price has fluctuated and was trading at $91,070 on Friday afternoon. Russ Mould, investment director at AJ Bell, said that "sceptics will argue that holders' desire for regulatory recognition and government approbation runs strongly counter to the initial ethos of bitcoin (BTC-USD) and crypto, namely that it was outside 'the system'. As a result, no-coiners will also continue to ask what purpose crypto can serve and problems it can solve, if it is simply another tool for government or financial market speculation." He said that one challenge for those bullish on bitcoin (BTC-USD) was news flow. "Everything they could have hoped for upon Trump's victory has happened and even rampant buying by Michael Saylor's MicroStrategy (MSTR) is not proving enough to fend off the latest price swoon, at least as yet," Mould added. We asked Yahoo Finance UK readers in a poll if they thought that bitcoin (BTC-USD) could hit $125,000 this year. We received 523 votes, with 42% of respondents believing it could reach this level, though 48% disagreed and 10% were undecided on the matter. Read more: European Central Bank cuts interest rates to 2.5% The lenders offering sub-4% fixed mortgage rates Bitcoin price rises ahead of Trump crypto summitSign in to access your portfolio
