Solana News

Crypto bulls are attempting a comeback. Here are the altcoins that traders are keeping an eye on.

Bitcoin and even some altcoins are holding steady even as the U.S. Dollar Index steamrolls to a near 1-year high.

The strength in the U.S. Dollar Index could keep Bitcoin and select altcoins under pressure in the near term.

As per DefiLlama data, Solana’s TVL has decreased by 9.64% over the past month to sit at $358.96 million, while Base’s TVL has surged to $397.32 million.

Bitcoin and the major altcoins are down from their weekly highs, but the bulls are trying to form a higher bottom, indicating buying on dips.

Bitcoin and other cryptocurrencies are likely to witness a pick up in volatility following the Fed’s rate decision on Sept. 20.

Crypto investment products have seen over $450 million in cumulative outflows over the past nine weeks.

Bitcoin and select altcoins are attempting to make a comeback as traders expect the Fed to hold rates steady during its meeting this week.

NFT marketplace Magic Eden believes that lowering the costs in NFT production creates an “easy access point” for new users to try NFTs.

The recovery in Bitcoin and altcoins is facing selling at higher levels, indicating that the overall sentiment remains negative.

Crypto traders are talking about the SOL price falling due to the risk of FTX selling its $1.06 billion Solana stake. Are they overexaggerating?

Solflare co-founder Filip Dragoslavic said that the integration removes the “friction” that prevented potential users from entering the Solana ecosystem.

Solana slid into the outflow column this week as Bitcoin’s outflows streak continued.

The price of Solana has plunged as the market fears a large FTX sell-off; however, it seems unlikely that the now-defunct exchange will dump all of its holdings at once.

Bitcoin remains stuck in a range, but certain altcoins are showing signs of breaking down in the near term.