$SOL cae as cryptocurrency markets face a double problem!

The drop below $94K in Bitcoin and $1,800 in ETH is setting the stage for adverse market conditions to trigger a negative movement in SOL, which is down 1.10%.

The decline is due to two significant headwinds:

1. General BTC market pullback.

2. Regulatory turbulence. Uncertainty weighs on the stablecoin bill in the U.S. after key lawmakers have withdrawn their support due to safety and AML concerns.