Happy Tuesday!

As the cryptocurrency market grapples with volatility, Solana has plummeted to its lowest price since November 2024, losing a staggering 43% since January. This decline comes amid a broader trend where investors withdrew $415 million from digital assets, driven by concerns over the Federal Reserve's hawkish stance on monetary policy. However, amidst this turmoil, XRP is experiencing a trading boom on U.S. exchanges, capitalizing on speculation surrounding potential ETF approvals. Meanwhile, Bitcoin remains in a consolidation phase, with traders anxiously awaiting clearer macroeconomic signals as short-term holders face losses. Stay tuned for in-depth analysis and insights on these developments in today's newsletter.

🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here  https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game.

The global crypto market cap is $3.09 trillion, with a 24-hour volume of $99.14 billion. The price of Bitcoin is $94,262.47, and BTC market dominance is 60.3%. The price of Ethereum is $2,628.41, and ETH market dominance is 10.2%. The best-performing sector is eCommerce, which gained 6%. The Crypto Fear & Greed Index is currently Neutral (47).

Solana falls to lowest price since November 2024 losing 43% since January

Volatility reigns as Solana's price retreat tests its resilience against past support levels.

📰 Top News

Solana, XRP buck trend as investors pull $415 million from crypto amid Fed’s hawkish stance

CoinShares reported that concerns over US monetary policy prompt investors to withdraw $415 million from digital assets.

XRP trading booms on US exchanges as ETF speculation heats up

XRP reclaims spotlight with 14% contribution to Coinbase revenue amid rising liquidity and potential ETF news.

Bitcoin completes 81 days in consolidation as traders await clearer macro signals

Short-term holders realize losses as the potential for further downside mounts.

Ad: TRON Builders League Launches with $10M in Funding to Accelerate Ecosystem Growth

TRON's initiative offers developers financial support and resources to drive innovation and expand the blockchain's global presence.

📈 Latest Insights

• The illusion of Bitcoin’s decline arises as protocol-driven transaction collapse distorts on-chain valuation signals

🗞️ More News

• Institutional investors hold $27B in Bitcoin ETF shares, controlling over 25% of total AUM

• CZ refutes Binance sale rumors but open to minority stake offers over time

• Argentina president Javier Milei claims LIBRA memecoin fallout is ‘a private matter’

• Elon Musk’s DOGE solicits public help to tackle SEC inefficiencies

• Libra’s $4.5B memecoin collapse sparks resignations and political chaos — what we know so far

• ESMA launches consultation to define crypto advisor standards across Europe