Most crypto currencies drop, SOL biggest gainer

Solana’s SOL token added 4.33 per cent to $20.79 after Solana announced partnering Shopify to offer crypto payments with no transaction fees on the e-commerce platform through Solana Pay

Bitcoin and Ether gained on Thursday, along with most other leading crypto currencies. The SOL token saw the biggest gain, following its new partnership with e-commerce giant Shopify.

Solana’s SOL token added 4.33 per cent to $20.79, as the day’s biggest gainer among the leading crypto currencies, after Solana announced partnering Shopify to offer crypto payments with no transaction fees on the e-commerce platform through Solana Pay, a P2P payments protocol built on the blockchain. In spite of the good news, SOL stayed near a six-week low.

Bitcoin was little changed, trading at $26,430 after it briefly rose to the $26,769 mark earlier today.

Despite today’s small rally, Lucas Kiely, the CIO of digital asset platform Yield App, said that returning to $25,000 remained a possibility.

$25,000 is the level where BlackRock filed for a spot Bitcoin exchange-traded fund. There is support at that level. Investors will be spooked if Bitcoin drops below that level. After that level, Bitcoin could drop to nearly $19,870, which represents the level where Silicon Valley Bank failed, he shared with Forkast.

When Silicon Valley Bank crashed, Bitcoin surged to $31,000 before moving sideways. BlackRock and other companies then made their Bitcoin ETF announcements, and Bitcoin ripped again.

Ether gained 0.59 per cent to $1,671 bringing its weekly losses to 6.92 per cent.

Tron’s token gained 1.73 per cent during the last 24 hours to $0.077, rebounding from a two-month low of $0.073 reached on June 25.

Total crypto market cap over the past 24 hours gained 1.45 per cent to $1.07 trillion while market volume lessened 8.66 per cent to $32.44 billion, according to CoinMarketCap data.