$SOL Crypto Morning: Bitcoin drops to US$ 95 thousand and Solana drops 8% with the memecoin crisis

Solana ($SOL

) is the cryptocurrency in the top 10 that has fallen the most this day, week and month.

The declines in the cryptocurrency market continue this Tuesday (18), with Bitcoin falling another 0.6% in the last 24 hours, to be traded at the moment in the range of US$ 95,685 – its worst price in a week. In the last 30 days, the accumulated drop by BTC has already reached 9%.

In real terms, the price of Bitcoin is around R$ 550,363 this morning, according to data from the Bitcoin Portal.

Virtually all digital assets in the top 100 are following Bitcoin and are in the red, including Ethereum (-2.1%), XRP (-3.5%) and Dogecoin (-4.2%).

The biggest losses, however, are recorded by Solana (SOL), which is down 8.2% this morning, falling to US$ 168.64. At this rate, SOL is also the worst-performing cryptocurrency in the top 10 this week and this month, losing 16% and 38% in each period.

Solana may be negatively impacted at the moment by the proliferation of controversial memecoins on its network, whose sudden drops have caused losses to many users. The most recent and controversial among them is LIBRA, promoted last Friday (14) by the president of Argentina, Javier Milei.

The Solana memecoin craze had already begun to unravel following the launch of the TRUMP token in January and the resulting “liquidity drain” it caused.