The cryptocurrency markets have experienced notable fluctuations recently, with the prices of Bitcoin and Solana dropping after previous highs.
Bitcoin (BTC):
After U.S. President Donald Trump announced the establishment of a strategic reserve for cryptocurrencies, the price of Bitcoin surged to around $95,000. However, the currency has since declined by 9% to trade around $86,000, affected by economic concerns and trade tensions.
Solana (SOL):
The Solana coin witnessed a 19% drop in the past 24 hours, after previously rising thanks to Trump's announcement. This decline is attributed to concerns related to trade tensions and uncertainties surrounding the strategic reserve for cryptocurrencies.
These fluctuations highlight the importance of following news and global developments when investing in cryptocurrencies, as they are quickly influenced by economic and political events.
