Risks posed by this week's visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi appear failed to materialize – at least in the eyes of the bitcoin market thesamreynolds reports
But Solana's SOL token fell over 4.2% during the past 24 hours and is down 76% year-to-date. The ninth-biggest cryptocurrency by market cap – suggesting that some large Solana holders might still be holding on.
For the past two weeks, bitcoin seems to have entered a new range, now hovering between $21,200 and $24,400, a step up from the $17,000 to $21,000 range in the weeks before. “Bitcoin needs a crypto specific catalyst to trigger a meaningful move above the $24,700 level,” Edward Moya, senior market analyst at the foreign-exchange broker Oanda, wrote Wednesday in an email update.Markets in general seem to have recovered from U.S. House of Representatives Speaker Nancy Pelosi’s visit to Taiwan on Tuesday, which caused many investors to stay away from risky assets amid potential U.S.-China tensions.
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