The U.S. stock market saw a slight increase yesterday (7/21), driven by Alphabet and other large tech stocks, with the S&P 500 and Nasdaq indices both setting historic closing highs. Bitcoin fell from 119K yesterday, while Ethereum declined from a recent high of 3,860. Solana (SOL) surged over 9%, with its market value surpassing 100 billion USD. SOL broke through the key resistance level of 180-190 USD, benefiting from ETF funds, institutional adoption, and a rebound in DeFi, with the potential to challenge the year-to-date high of 295 USD.
(SOL reserve strategy company outperforms Bitcoin, Cantor highlights DFDV, UPXI, and HODL)
Tesla will kick off the earnings season for tech stocks.
Tesla (TSLA) and Alphabet (GOOG) will kick off the earnings season this week. As investors focus on the latest developments in artificial intelligence spending, risks are set to rise again.
U.S. Treasury yields rose mainly driven by long-term bonds, with the 30-year Treasury yield falling 4 basis points to 4.95%. The dollar decreased. The yen appreciated, as Japanese Prime Minister Shigeru Ishiba stated that he would continue to lead even if the ruling coalition loses its majority in the Senate elections.
Investors are also closely watching tariff news. White House Press Secretary Karoline Leavitt stated that President Trump may issue more unilateral tariff letters before August 1. She added that more trade agreements could also be reached before the deadline.
Solana's market value surpasses 100 billion USD, with a breakout potentially challenging historical highs?
Yesterday, Solana (SOL) surged over 9%, with its market value exceeding 100 billion USD.
U.S. publicly traded company Mercurity Fintech Holding (NASDAQ: MFH) announced a 200 million USD equity loan agreement with a company named Solana Ventures Ltd., initiating a new treasury strategy centered around Solana, including holding coins, staking, node operations, and investing in Solana ecosystem projects.
(U.S. stock Mercurity Fintech claims to collaborate with Solana Ventures to create a SOL treasury, Solana Ventures denies involvement)
SOL broke through the key resistance level of 180-190 USD, benefiting from ETF funds, institutional adoption, and a rebound in DeFi, with the potential to challenge the year-to-date high of 295 USD.
This article discusses Solana's market value surpassing 100 billion USD, with a breakout potentially challenging historical highs. Originally appeared in Chain News ABMedia.
