Solana (SOL) rises against headwinds by over 1% at press time on Wednesday, after four consecutive days of losses. Institutional inflows on Tuesday reaffirm steady interest in Solana, while retail sentiment falters, as evidenced by declining Open Interest and massive long liquidations.
US-EU trade tensions are weighing on financial market risk sentiment. Global equity and bond markets are selling off while gold prices hit new record highs. US Dollar (USD) is behaving unusual for a risk off phase, as it’s down against most major currencies, notably Euro (EUR).
Litecoin (LTC) price continues to trade below $70 on Tuesday, after reaching its lowest level in three months at $65.58 the previous day. The bearish outlook strengthens as whales offload LTC, increasing selling pressure.