Market Watch: Solana (SOL) Dips Under $100, Bitcoin (BTC) Bounces Back From Its Lowest in Over a Year

The latest market activities saw Bitcoin (BTC) taking a hit as the cryptocurrency fell to its lowest since November 2024, bottoming out at $73,000 before experiencing a slight recovery. This downward trajectory followed the Federal Reserve's decision not to cut rates again, amidst escalating tensions in the Middle East. Additionally, the larger-cap altcoins like Solana (SOL), Ethereum, and BNB have not been spared from the market crash. SOL experienced a 7% daily decline, taking it below the $100 mark. Meanwhile, Bitcoin's market capitalization has also suffered, dropping to $1.525 trillion with its dominance over altcoins declining to 57.3%. The combined market cap for all cryptocurrencies saw a $70 billion reduction in a single day, bringing it to $2.65 trillion.