The past two months have been anything but kind to Solana.
The end of this rather interesting year is not bringing any volatility to the crypto markets, aside from a few minor price drops. Bitcoin, for instance, went down below $16,500 earlier to chart a new 9-day low.
Solana continues to lose value rapidly following the FTX and Alameda deterioration and remains stuck beneath $10.2022 turned out to be one of the most violent in terms of price action for bitcoin. The asset entered it at almost $50,000 and has lost over 65% of its USD valuation within the next 12 months.
On a more micro scale, BTC tried to overcome $17,000 earlier this week following a boring weekend, but the bears didn’t allow it and pushed the asset south.to $16,500, which became an 8-day low at the time. However, the landscape only worsened in the following 24 hours, this time with a price decline to $16,400.This is all you need not to miss any price action in the raging crypto markets.
Most other larger-cap alts are in no better shape. Binance Coin, Ripple, Dogecoin, Cardano, Polygon, Polkadot, Tron, and Avalanche are all down by up to 4% in a day. OKB is among the few exceptions, with a 5% increase that has pushed it to $25. TONCOIN is up by 3.5%. The overall market cap, though, continues to struggle beneath $800 billion.
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