Cryptocurrencies Price Prediction: Solana, Solv & Crypto – European Wrap 6 March
|Solana Price Forecast: SOL recovery at risk as institutions weigh long-term exposure
Solana (SOL) price edges lower below $90 at press time on Friday, following a 2% decline the previous day, and risks a bearish flip within a broader consolidation range. Data shows cumulative flow in Solana Exchange Traded Funds (ETFs) holds strong, reflecting committed institutional demand. Retail interest in Solana remains volatile, as a spike in long liquidations leads to positional unwinding in SOL derivatives and a negative funding rate. Technically, headwinds above $90 keep the recovery in check, risking a correction to $77.
Solv Protocol offers 10% bounty after hacker snatches $2.7M
Bitcoin-based decentralized finance platform Solv Protocol says one of its token vaults was exploited for $2.7 million and has offered the attacker a 10% bounty in exchange for returning the stolen funds.
Solv said in an X post on Thursday that less than 10 of its users were impacted, but it would cover the loss of 38.05 Solv Protocol BTC (SolvBTC), a token pegged to Bitcoin.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, XRP at risk as US-Iran war extends
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) trade cautiously at press time on Friday, close to key support levels after a roughly 2% pullback the previous day. Bitcoin holds above $71,000, Ethereum at $2,000, and XRP continues to consolidate in a sideways range. The top three cryptocurrencies by market capitalization struggle to maintain a directional trend, with the US-Iran war weighing on global market sentiment.
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