Global Stock News

Crypto market update August 9: Bitcoin and Ethereum slip as Solana leads altcoins

Crypto market update August 9: Bitcoin and Ethereum slip as Solana leads altcoins

The crypto market opened lower on August 9, with Bitcoin (BTC) and Ethereum (ETH) posting small losses while Solana (SOL) remained in positive territory.

Bitcoin was testing the $65,000 resistance level, while Ethereum stayed above $1,900. Solana was among the stronger performers as traders assessed the latest developments around the CLARITY Act and looked ahead to the release of U.S. inflation data.

The Senate’s progress on the CLARITY Act has added another factor for crypto traders to watch. Senate Majority Leader John Thune has filed cloture on the bill, with the Senate expected to consider the measure after the August recess.

Missed yesterday’s market action? Read our Crypto Market Update August 8 to see how Bitcoin tested $65,000,…

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