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Solana Slides Below $75 for First Time in Three Months as Fed Rate Fears Batter Crypto — BigGo Finance

Solana Slides Below $75 for First Time in Three Months as Fed Rate Fears Batter Crypto — BigGo Finance

Solana briefly traded under $75 for the first time in the current sell-off overnight into Saturday, extending a slide that has now wiped out the token’s entire autumn rally. The coin last changed hands near $75.90, down 5.3% over 24 hours, after touching $74.96 on Kraken, according to CoinGecko data. Against the euro it bottomed at €67.85, or roughly $75.

The decline outpaced the broader market. Bitcoin fell 3.9% and Ether 4.3% over the same stretch, while Solana’s losses reached 14.6% for the week. From an October 22 close of $106.94, SOL has shed about 29%.

The retreat erases a recovery that had lifted Solana roughly 60% from a mid-August close of $75.97 to $122.08 on September 26. The token started the year at $124.52, peaked for…

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