Solana Price Faces Sharp Decline Amid Trade War Fears and Tariff Turmoil

Quick Summary:

Concerns that risk assets may be badly affected by a trade war sparked by President Trump’s tariffs on key trading partners have caused several of the most valuable cryptocurrencies to fall by 10% or more in the last day.

The Solana price has retraced more than 28% from its high of $294.

At the time of writing, SOL is trading at $202.83, down 8.21% in the last 24 hours as per data from CMC.

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Article Details

Author / Journalist: Ashfaq

Category: Crypto

Markets: United Arab EmiratesCanadaMexico

Topics: Altcoin Solana Editors News Investing News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 21:51:57 (22 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 305 words

Reading Time: 2 minutes read

Sentences: 32 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 25763311

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

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Year Established: 2020

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News Last Updated: 11 hours ago

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