Posts

Showing posts with the label fed policy

$10 billion exits Solana in a week; here’s why

Image
The price action that followed the employment report at the edge between July and August made both the stock and cryptocurrency markets appear like something of a house of cards.  In fact, despite the recovery that followed the initial bloodbath, many assets remain depressed compared to their earlier 2024 highs, with prominent altcoins reeling in particular.  Though discussion in the crypto community has been mostly focused on Ethereum (ETH) and, to an even greater extent, Bitcoin (BTC) first following its rise back above $60,000 and then the drop toward $58,000, few major digital assets have had as a weak an August as Solana (SOL). Picks for you Greg Abbott's net worth revealed: How rich is the hardline conservative governor of Texas? 43 mins ago ...