5 hours ago
Solana (SOL) , the 7th most valuable altcoin by market cap, has hit a significant dip for the first time this year. The altcoin left market players in shock after dropping below the $100 price mark on April 7, 2025, for the first time since February 2024. The new development comes not long after the altcoin recorded a mild jump in price, following its addition to leading online payment systems PayPal and Venmo. Factors driving the downtrend might include the impact of President Trump’s political tariffs and negative futures trading. Social sentiments are currently split between traders, with some seeing the decline as a dip-buying opportunity while others fear incoming or extended market volatility. Interestingly, SOL made a quick correction, jumping above the $100 price mark after snagging in mild hourly gains. However, technical signals hint that the asset is still in troubled waters. The RSI is still extremely oversold, while the MACD crossover remains bearish. Open interest rates are also declining at this time. Market participants have collectively reacted in shock, expressing surprise over the new development. “I honestly cannot believe SOL is back under $100. It was nearly $300 a few months ago.” Quinten, a cryptocurrency founder, wrote on X, formerly Twitter. Pseudonymous trader Lana Queen, who observed SOL’s continuous decline from the first quarter of the year, is quoted as stating, “SOL is down 65% from ATH in the last 90 days. Is this the golden crypto era?” At the time of this report, Solana (SOL) is trading for $107. Over the past 24 hours, the asset has lost over 6% of its gains and 15% of its price value over the last 7 days. The bullish build-up over the last 1-hour has resulted in a 3.27% price jump at press time.
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MicroStrategy’s Bitcoin Purchase Halt: Signs of Caution Amid Market Volatility and Uncertain Future
Strategy pauses Bitcoin purchases amid ongoing market volatility, signaling caution with $5.91 billion in unrealized losses at stake. As one of the largest Bitcoin holders globally, Strategy’s pause may indicate ZyCrypto
Ex-Binance CEO Changpeng Zhao Appointed Strategic Advisor by Pakistan’s Crypto Council
Former Binance CEO Changpeng Zhao has reportedly been appointed to advise Pakistan on Web3 and blockchain technology. Local media in Pakistan is reporting that CZ has joined the Pakistan Crypto Council as a strategic advisor for the country of 247 million. Says Senator Muhammad Aurangzeb, Finance Minister of Pakistan, of CZ’s involvement, “This is a landmark moment for Pakistan. We are sending a clear message to the world: Pakistan is open for innovation. With CZ onboard, we are accelerating our vision to make Pakistan a regional powerhouse for Web3, digital finance, and blockchain-driven growth.” Bilal Bin Saqib, CEO of the Pakistan Crypto Council said, “Pakistan is opening its doors to the future of finance. And who better to guide us on this journey than CZ — a pioneer who built the world’s largest crypto exchange and changed the way billions think about financial freedom.” According to CZ, Pakistan offers “limitless” potential to crypto. Last week, the Binance founder also inked a deal to advance crypto technologies in the Central Asian nation of Kyrgyzstan. Said CZ at the time, “I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading. I find this work extremely meaningful.” Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Ex-Binance CEO Changpeng Zhao Appointed Strategic Advisor by Pakistan’s Crypto Council appeared first on The Daily Hodl . ZyCrypto
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