Crypto Market seems like another Stock (tech) market, so with current economic fears (debt, interest rates, currency and etc.) BTC (crypto trend setter) tends to follow S&P 500 at the moment.
As S&P500 rises BTC seem to rise too, hence SOL rises assuming that crypto market (BTC) goes up.
Therefore, S&P500 -> BTC -> SOL (at the moment at least).
As S&P500 rises BTC seem to rise too, hence SOL rises assuming that crypto market (BTC) goes up.
Therefore, S&P500 -> BTC -> SOL (at the moment at least).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.