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Solana (SOL) Drops 6% Amid Market Sell-Off Despite Fed Rate Cut

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SOL
$122.01-1.05%
This is the logo of the coin.
BTC
$87,424.00-0.76%
Solana (SOL) fell nearly 6% in the past 24 hours amid a broader market sell-off, despite recent **Fed news**. The token dropped 9.1% weekly and 21% monthly. Bitcoin (BTC) fell to $89,000 as the crypto market declined. Over $500 million in liquidations occurred in the last day, per CoinGlass. Analysts point to **inflation data** and weak employment figures as key factors behind the downturn.
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