Market
Solana (SOL) Price Falls Below $100, Crashes To 14-Month Low

Solana (SOL) has faced significant price declines recently, falling below the $100 mark and reaching a 14-month low.
This drop is attributed to broader market bearishness, largely driven by ongoing trade tensions and fears of a financial crisis, often likened to the 1987 “Black Monday.” Despite these challenges, there is potential for SOL to stabilize and recover in the near future.
Solana Investors Stand Strong
The number of active addresses on the Solana network has recently hit a 6-month low, with around 4.44 million addresses engaging on the platform. While the decline from January’s peak of 9 million addresses might seem concerning, it also indicates that investors are likely waiting for a strong recovery before being more active on the network.
Despite the price downturn, Solana’s loyal investor base continues to hold their positions, signaling potential support that could prevent further price declines. Solana’s investors remain hopeful for a rebound, particularly given the network’s history of bouncing back after downturns.

Looking at technical indicators, the Relative Strength Index (RSI) for Solana is currently sitting in the oversold zone, below the critical 30.0 mark. This suggests that the bearish momentum may be nearing its saturation point, with the potential for a reversal in the near future. Historically, when SOL has dipped into the oversold region, the price has rebounded.
The RSI reading suggests that the market may be poised for a short-term recovery if the broader market conditions stabilize. While the global financial climate remains uncertain, the RSI signals that Solana could be on the brink of a price rebound, provided the bearish forces start to subside.

SOL Price May Recover Soon
Solana’s price has dropped 20.8% during the intra-day trading session, reaching $97. The price fall below $100 marks a new low for the asset, driven by a surge in bearish sentiment across the market. As a result, many investors are watching closely to see if Solana can reclaim its previous support levels.
Despite the recent declines, Solana’s recovery potential remains strong. If the price manages to break above the $100 mark and hold it as support, the positive momentum could return. Investors are likely to capitalize on the current 14-month low, injecting new capital into the network and helping to stabilize the price.

However, if the broader market conditions fail to improve, Solana’s price may continue to struggle. A drop below the $90 support level would invalidate the bullish outlook and extend losses. As a result, SOL may face further downward pressure, especially if negative market trends persist.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP and Bitcoin Briefly Rallies After Rumors of 90-Day Tariff Pause

The brief rumor of a 90-day pause from Trump’s tariffs caused the markets to rally significantly. However, the White House squashed these rumors, fueling further crashes.
This highlights a genuine desperation in the markets as traders try to regain some bullish momentum and prevent a recession.
Trump Tariff Fakeout
The threat of Trump’s tariffs is closer than ever, and it’s causing a “Black Monday” event in the crypto markets. Bitcoin dipped below $80,000, and over $1 billion was liquidated from crypto.
However, one of the President’s advisors, Kevin Hassett, suggested this morning that he might be having second thoughts:
“Would Trump consider a 90-day pause in tariffs?’ ‘I think the president is gonna decide what the president is gonna decide … even if you think there will be some negative effect from the trade side, that’s still a small share of GDP,’” Hassett said in an interview.
This news quickly began recirculating, claiming that Trump was seriously considering a 90-day pause in tariffs. This created a huge rally in traditional markets, with the S&P 500 shooting up 6% in seconds. This rally turned on a dime to a certain extent, falling again quickly.

Following the rumor, XRP rallied nearly 10% to hit $2, while Bitcoin rebounded back to $80,000. Both assets have declined again due to the lack of credibility of the news. Overall, the volatility has been extremely chaotic in the crypto market today.

In his interview, Hassett did not make any firm commitments that Trump is considering pausing tariffs. His response focused mostly on ongoing negotiations and assertions that the tariffs would have a limited impact.
Shortly afterward, the White House officially denied any knowledge of a 90-day pause. They are still set to begin in two days.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Binance Founder CZ Joins Pakistan Crypto Council as Advisor

Changpeng ‘CZ’ Zhao, the founder of Binance, has reportedly taken on a new role as Strategic Advisor to the Pakistan Crypto Council.
Pakistan’s local media suggests that the appointment was confirmed during a meeting held in Islamabad with top government officials.
CZ Joins Pakistan Crypto Council
The Finance Minister, Senator Muhammad Aurangzeb, reportedly led the session. Other attendees included the heads of Pakistan’s key financial and regulatory bodies—the Securities and Exchange Commission and the State Bank—and senior officials from the law and IT ministries.
According to the reports, Zhao also met separately with Pakistan’s Prime Minister and Deputy Prime Minister to discuss digital asset policy and blockchain adoption.
His involvement with Pakistan follows a recent agreement with the Kyrgyz Republic. There, he is advising on Web3 infrastructure and blockchain education.
Kyrgyzstan has also launched the A7A5 stablecoin, pegged to the Russian ruble. Both Kyrgyzstan and Pakistan are looking to develop their financial ecosystem around crypto to attract industry interest in the regions.
Meanwhile, CZ continues to engage with multiple governments on crypto regulation. He has been focused on building secure frameworks and enabling digital finance ecosystems.
BeInCrypto has contacted Binance about the reports and whether the company is involved in the initiative.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Ethereum (ETH) Tanks to March 2023 Levels as ETH/BTC Ratio Plummets to 5-Year Low

The value of the leading altcoin, Ethereum, has plunged to its lowest point since March 2023, signaling a steep decline in market confidence. This has happened amid the broader market’s downturn, which was exacerbated by Donald Trump’s Liberation Day.
Compounding the bearish sentiment, the ETH/BTC ratio has now dropped to a five-year low, indicating that Bitcoin is gaining relative strength against Ethereum.
ETH/BTC Ratio Hits 5-Year Low as Traders Flee
ETH’s price decline has pushed the ETH/BTC ratio to a five-year low of 0.019. This ratio measures ETH’s relative value compared to BTC. When it rises, it indicates that ETH is outperforming BTC, either because the altcoin’s price is growing faster or the king coin’s price is falling.

Conversely, a decline like this suggests that the leading coin, BTC, is gaining strength relative to the top altcoin, ETH. It suggests that traders are moving capital into BTC, seeing it as a safer or more profitable investment at the moment despite its own price troubles.
Further, on the daily chart, ETH’s negative Chaikin Money Flow (CMF) confirms the coin’s plummeting demand. At press time, it is at -0.07.

The CMF indicator measures the volume-weighted accumulation and distribution of an asset over a set period, helping gauge buying and selling pressure. When its value falls below zero like this, it indicates that selling pressure is dominating.
ETH’s CMF readings suggest that more traders are distributing (selling) the coin than accumulating it. This reflects weakening demand and is a bearish signal for the asset’s price momentum.
ETH Flashes Oversold Signal: Is a Bounce Back on the Horizon?
ETH’s Relative Strength Index (RSI), observed on a one-day chart, shows that the altcoin is currently oversold. At press time, the momentum indicator is in a downtrend at 25.62.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
At 25.62, ETH’s RSI signals that the coin is deeply oversold. This presents a buying opportunity, as such lows are usually followed by a price rebound.
If this happens, ETH’s price could regain and climb back above $1,589. If this support level strengthens, it could propel ETH’s value to $1,904.

However, this rebound is not guaranteed. If ETH bears maintain dominance and selloffs continue, the coin could extend its decline and fall toward $1,197.
The post Ethereum (ETH) Tanks to March 2023 Levels as ETH/BTC Ratio Plummets to 5-Year Low appeared first on BeInCrypto.
-
Bitcoin23 hours ago
US Macro Setup To Favour New Bitcoin ATH In The Long Run
-
Altcoin20 hours ago
Expert Reveals Decentralized Strategy To Stabilize Pi Network Price
-
Ethereum22 hours ago
Ethereum Lags Behind Bitcoin In Q1 Performance Amid Market Downturn – Details
-
Market23 hours ago
3 Token Unlocks for This Week: AXS, JTO, XAV
-
Ethereum18 hours ago
Ethereum Supply On Exchanges Plummets – Is A Supply Squeeze Coming?
-
Market6 hours ago
Ethereum Price Tanks Hard—Can It Survive the $1,500 Test?
-
Market20 hours ago
Bitcoin Price Drops Below $80,000 Amid Heavy Weekend Selloff
-
Market10 hours ago
Solana (SOL) Freefall—Can It Hold Above The $100 Danger Zone?