When Bitcoin plunged 19%, Solana plunged 39%… The reason is?


 189 total views

Cryptocurrency has had its worst week, with Bitcoin plunging 19% last week.

The biggest drop was not Bitcoin, but Solana. During the week, Bitcoin plunged 19%, while Solana plunged 39%.

The reason Solana has especially plummeted is because of problems with the Solana network.

As the risk hedging (risk aversion) phenomenon that is blowing on Wall Street, a large number of sell-offs for risky assets, cryptocurrencies, appeared, causing the Solana network to stumble.

As a result, Solana appears to have plunged more than twice as much as Bitcoin.

On the 22nd (local time), Solana admitted that there was a problem with the network and said that it would restore the network as soon as possible through a website notice. Solana added that there will be more improvements in the next 8 to 12 weeks.

Adblock test (Why?)


Blockcast.cc does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.