Solana (SOL) was one of the large-cap assets affected by the recent market downturn triggered by the US Federal Reserve’s rate cut. The Solana price succumbed to the bearish pressure and fell beneath $200 for the first time in over a month.
Bitcoin price is rising and now trading above $70,000 resistance zone. BTC could continue to rise toward the $73,000 and $75,000 levels in the near term.