Solana (SOL) fell sharply on Thursday, breaking through the critical $150 support level as whale outflows and rising exchange volume spooked traders—despite continued strength in network fundamentals. Key Price Action: Network Fundamentals Remain Strong: Despite these bullish on-chain metrics, market sentiment has turned negative as price action diverges from Solana’s underlying network performance. Outlook: Analysts say holding $149.50–$150.60 is crucial for bulls. If SOL fails to reclaim the $150–$153 zone soon, further downside toward $145 or lower may be likely. Caution is advised, especially in the short term, until buying volume stabilizes and outflows slow.
Author: Blockto Team
Crypto Market Slides Amid Political and Tech-Industry Turmoil Bitcoin is threatening to break below $100,000 for the first time in a month, as a high-profile clash between Elon Musk and President Donald Trump rattles investor confidence. The cryptocurrency dropped over 4% late Thursday, falling to around $100,500, after starting the U.S. session at approximately $102,200. Musk vs. Trump: A Political Feud Spilling Into Markets The feud began over Trump’s proposed “Big, Beautiful Bill,” a controversial tax and spending plan, but rapidly escalated. President Trump accused Musk of being “crazy” and threatened to cancel government contracts with SpaceX, Tesla, and other…
The U.S. Senate’s “GENIUS Act” stablecoin legislation is poised to receive broad bipartisan support, with as many as 16 Democrats expected to vote in favor, according to Arizona Senator Ruben Gallego. Key Developments: “It’s a Significantly Different Bill Now” Speaking at the Blockchain Association’s “Crypto Clarity in America” summit, Sen. Gallego emphasized that the current version of the GENIUS Act reflects weeks of cross-party negotiations, stating: “They adopted a lot of the amendments… It’s a significantly different bill.” He criticized the earlier Republican attempt to rush a vote, describing it as a “power play,” but praised the final bipartisan process,…
Filecoin (FIL) dropped nearly 5% over the last 24 hours, breaching a key technical support level at $2.54 and signaling the possibility of further downside in the near term. The decline reflects broader risk-off sentiment in crypto markets as investors react to ongoing macroeconomic uncertainty. Key Highlights Technical Breakdown Filecoin traded within a volatile range between $2.62 and $2.50, but the breakdown began after a failed attempt to hold above $2.55. According to technical analysis: Market Context The bearish movement in FIL mirrors broader weakness across digital assets, as investors reassess risk exposure in light of uncertain global economic indicators.…
El Salvador and the United States are deepening their relationship on digital assets following a key meeting between White House crypto official Bo Hines and President Nayib Bukele. The visit marks a significant milestone in international collaboration around Bitcoin regulation, stablecoin frameworks, and cross-border policy innovation. Bo Hines Meets Bukele to Advance Crypto Agenda Bo Hines, executive director of the White House’s Presidential Council of Advisers for Digital Assets, traveled to El Salvador on Wednesday, where he met with President Bukele and senior government officials. According to Stacy Herbert, director of El Salvador’s Bitcoin Office, the two sides discussed bitcoin,…
Uniswap’s UNI token faced a sharp reversal on Thursday, erasing earlier gains and slipping below a key support level at $6.22. The move signals growing bearish momentum as technical levels come under pressure amid volatile market conditions. Intraday Rally Rejected at $6.44 UNI began the day with bullish momentum, rising to an intraday high of $6.44. However, the rally was short-lived. Heavy selling emerged around $6.44, triggering a sharp sell-off that sent the token to an intraday low of $6.20. The rejection at $6.44 marked a 3.1% swing from peak to trough within hours, highlighting increased volatility and lack of…
The public listing of Circle, issuer of the USDC stablecoin, marked a significant milestone for the cryptocurrency industry, with its shares making a strong debut on the New York Stock Exchange (NYSE). Despite broader market uncertainty, investor appetite for crypto-linked infrastructure remains evident. Circle’s IPO Sees Strong Demand Shares of Circle began trading on Thursday at $69, significantly above the $31 IPO price set on Wednesday night. The stock surged to as high as $100, representing a more than 200% increase in early trading, before stabilizing in the $80–$83 range. The company raised $1.1 billion by selling 34 million shares,…
The Ethereum Foundation (EF) has announced a revised treasury policy aimed at enhancing its financial sustainability and operational transparency. This update introduces clear limitations on spending, establishes stronger reporting structures, and reaffirms the foundation’s role in long-term ecosystem development. 15% Cap on Operational Spending The updated policy sets a strict limit of 15% of the total treasury to be allocated annually for operational expenses (opex). The EF also emphasized that a 2.5-year reserve buffer will be maintained at all times, ensuring the foundation can continue functioning during unpredictable market conditions. This strategy aims to reduce opex over the next five…
Aptos (APT) witnessed a 4% intraday decline, falling through a critical technical support level of $4.77 before stabilizing. The move came as geopolitical tensions and broader market volatility weighed on investor sentiment, contributing to bearish pressure across digital assets. APT Trades in Narrow Range After Breakdown APT traded within a 3.6% range, fluctuating between an intraday high of $4.945 and a low of $4.751. This volatility established a resistance band between $4.83 and $4.86, where price faced multiple rejections. The token has since rebounded modestly and is now consolidating near $4.771, reclaiming nearly half of its earlier losses. The recovery…
Circle, the company behind USDC, the world’s second-largest stablecoin by market capitalization, has officially gone public, debuting on the New York Stock Exchange (NYSE) under the ticker CRCL. The milestone marks a significant turning point in the convergence of traditional finance and blockchain-native infrastructure. Key Highlights: Jeremy Allaire’s Vision Comes to Fruition In a statement on X (formerly Twitter), CEO Jeremy Allaire hailed the public listing as the realization of a 12-year journey to reinvent global finance: “Our transformation into being a public company is a significant and powerful milestone — the world is ready to start upgrading and moving…