BTC Relinquishes the Price Level of $21,000, While SOL Dips by 14%

Within a few days of being sold and bought beyond the $21,000, Bitcoin lost this support, as it retraced lower by some hundreds of dollars. Some other alternative coins as well experienced huge falls yesterday, while Solana had the lion’s share of the fall, as it fell by 14%.

Solana Steep Dive
Solana stood among the crypto with the best performance during the weekend. This crypto caught a tailwind as Google declared running a validator node of the famous blockchain. Consequently, this crypto trended upward immediately, and as a result, this pushed SOL price to nearly $40.

Nevertheless, this crypto has retraced significantly downward within the past 24 hours. Subsequently, this has caused the crypto to struggle to stay above the $30 level.

BTC Falls Under the Price Level of $21,000
During the weekend, Solana stood as the best-performing crypto, which is somehow anticipated considering the happening in the United state. The Fed increased the core interest rate by 75 bps last Wednesday. Also, this has initiated a dive in the  BTC market as it’s price fell from $ 20,800 to $20,000

After just two days, things took a better tone when the biggest economy in the world released its employment statement, which arrived better than anticipated. Consequently, this assisted Bitcoin to almost reach $21,000. Nevertheless, the BTC fell below that level to an in-day low of $20,600 some hours ago.

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