As of May 5, 2025, Solana (SOL) is trading at approximately $144.57 USD, reflecting a slight decline of about 0.76% over the past 24 hours. The 24-hour trading volume stands at around $1.87 billion, with a market capitalization of approximately $74.9 billion. SOL's price has fluctuated between an intraday high of $147.52 and a low of $142.81.
Analysts are observing a critical juncture for SOL's price movement. Some projections suggest that if bullish momentum continues, SOL could test resistance levels around $177 to $180. Conversely, a bearish turn might see the price retreat to the $127 to $130 range .
U.S. Senate Moves Toward Action on Stablecoin Bill🧾 U.S. Senate Majority Leader John Thune has started the process toward a vote on the legislation to establish rules for stablecoin issuers. The U.S. Senate may soon vote on legislation that would establish U.S. regulations for the issuers of stablecoins, also marking the first time the chamber has considered a major 🪙crypto bill. #USStablecoinBill #DigitalAssetBill
US Stock Market LIVE: Pakistan cuts rate to boost economy ahead of IMF loan Pakistan cut its benchmark interest rate to shield the South Asian nation’s economy from global tariff-related disruption.
The State Bank of Pakistan cut the target rate by 100 basis points to 11%, the central bank said in a statement Monday. 13 of the 36 analysts surveyed by Bloomberg predicted the move, with only three forecasting the exact measure.
Strategy Buys $555M of Bitcoin, Increases Total Stash to 538,200 BTC The company has spent $36.47 billion on bitcoin to date and remains the largest corporate holder of BTC. Shares of MSTR are up 2.77% in pre-market trading as BTC rose to $87,300. #SaylorBTCPurchase #BTCRebound $BTC
📉 *Stock Market News, Dow and Dollar Drop on Jitters Over Fed and Trade Gold hits a fresh record and investors weigh the Trump administration's threats to remove Fed chief Jerome Powell On Friday when markets were closed, National Economic Council Director Kevin Hassett underscored the White House's displeasure with Powell, saying officials were studying his removal.
An early set of data from trade bellwether South Korea showed a big drop in exports to the U.S. this month.
Major stock indexes were down Monday, with the Nasdaq taking the biggest hit, falling around 2.6% after earlier being down 3% and more.
1) Big tech shares fell, led by Tesla, Nvidia and Apple. 2) The ICE U.S. dollar index, a measure of the dollar against a basket of major currencies, slipped more than 1% to its lowest level in three years. The dollar hit fresh lows against the euro, pound, yen and Swiss franc. 3) Treasury yields rose, with the 10-year up to 4.404%. 4) Gold surged to over $3,400 a troy ounce, a new record. Bitcoin rallied. 5) Japan's Nikkei dropped 1.3%. China's CSI 300 rose 0.3%.
In its latest response to the steeply increased 🇺🇲US tariffs, 🇨🇳 China’s Ministry of Commerce said in a statement that Beijing “respects all parties' efforts to resolve their trade disputes with the US through equal consultation.” However, China will not accept any US-led trade deals that harm its interests and will “respond resolutely and reciprocally with countermeasures” to safeguard its rights and interests.
In the statement, China described the US tariffs as “unilateral bullying” in international trade, adding that “if international trade regresses to the law of the jungle where the strong prey on the weak, all countries will become victims.”
💸Bitcoin Rebounds as Trump’s Push Against Powell Weakens Dollar
Bitcoin rallied to its highest level since Donald Trump’s “Liberation Day” tariff announcements as the dollar slumped amid renewed fears over the US president’s efforts to remove Federal Reserve Chairman Jerome Powell.
The largest cryptocurrency by market value jumped about 3% to top $87,600 on Monday morning in Singapore, according to data compiled by Bloomberg. That erased most of the losses sustained since Trump’s April 2 reciprocal tariff announcement, which plunged global markets into turmoil. $BTC
Donald Trump has stepped up his attacks on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him.
The developments are occurring against a backdrop of wider turmoil in the economy and financial markets, brought on by Trump’s sweeping taxes on imports. Most economists worry that an assault on the Fed’s longstanding independence from politics would further disrupt markets and add to the uncertainty enveloping the economy.
In comments at the White House Thursday, Trump suggested he has the power to remove Powell and criticized him for not aggressively cutting interest rates.
“If I want him out, he’ll be out of there real fast, believe me,” Trump said. “I’m not happy with him.”
All the scrutiny threatens the Fed’s venerated independence, which has long been supported by most economists and Wall Street investors. Here are some questions and answers about the Fed. #TrumpVsPowell
WASHINGTON (AP) — Donald Trump has stepped up his attacks on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him.
The developments are occurring against a backdrop of wider turmoil in the economy and financial markets, brought on by Trump’s sweeping taxes on imports. Most economists worry that an assault on the Fed’s longstanding independence from politics would further disrupt markets and add to the uncertainty enveloping the economy.
In comments at the White House Thursday, Trump suggested he has the power to remove Powell and criticized him for not aggressively cutting interest rates.
“If I want him out, he’ll be out of there real fast, believe me,” Trump said. “I’m not happy with him.”
All the scrutiny threatens the Fed’s venerated independence, which has long been supported by most economists and Wall Street investors. Here are some questions and answers about the Fed.
Donald Trump says Chinese-made smartphones and other electronics will not be exempt from tariffs - adding they are simply moving into a different levy "bucket".
European stock markets bounced up on Monday morning after Friday's official announcement that some of these products would escape levies of up to 145%.
China has called on Donald Trump to "completely cancel" his tariffs regime, and "return to the right path of mutual respect". #USElectronicsTariffs
Here are the latest developments regarding Bitcoin (BTC) purchases and adoption:
🏛️ Government Initiatives
US president Donald Trump has ordered his government to establish two national cryptocurrency reserves set to be worth many billions of dollars. In an executive order signed Thursday, Trump formalized the creation of a “strategic bitcoin reserve,” composed entirely of bitcoin, and a separate “national digital asset stockpile” featuring various other crypto coins. Both will be populated with coins seized by US government agencies in the course of law enforcement activities.
At present, the US is estimated to hold around 200,000 bitcoin, worth roughly $17 billion at current prices, but the precise figure has never been confirmed. The executive order requires government agencies to conduct a full audit of their crypto holdings.
The order confirms that the US will not use money raised through taxation to purchase additional crypto for the reserves. Though it leaves the door open for the Treasury and Department of Commerce to expand the bitcoin reserve by unspecified alternative means, provided they “do not impose incremental costs on United States taxpayers.”
“The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime,” wrote David Sacks, who as the newly appointed AI and crypto czar is responsible for developing new crypto policy, in an X post. “This Executive Order underscores President Trump’s commitment to making the U.S. the ‘crypto capital of the world.’”
Something strange is happening in crypto right now.🧐
The S&P 500 just took a big hit—down over 6%—but Bitcoin and other altcoins aren’t dropping. That’s not normal.
It looks like exchanges might be holding up crypto prices on purpose. Why? Because many altcoins are already down bad, and another crash could kill off tons of projects for good.
So here’s the real question: How long can they keep this going?
What if they’re inflating prices to attract new money… only to dump the market later? A planned crash that saves big players and hurts regular investors.
Stocks are tanking, but crypto’s still green? Something doesn’t add up—and it probably won’t end well for the average trader. $BTC $BNB $SOL
The global cryptocurrency market cap is currently $2.86 trillion, reflecting a 1.00% decrease in the past 24 hours, based on CoinMarketCap data.
Bitcoin (BTC) has traded within a range of $85,005 to $87,728 over the last day and is priced at $85,320 as of 9:30 AM (UTC), down 2.45%.
Performance across major cryptocurrencies is mixed, with notable gainers including $TUT , $BROCCOLI714 , and $VIDT which have surged by 201%, 48%, and 33%, respectively.