SOL Dips Below $200 Amid Escalating US-China Trade Tension
SOL has lost 1% of its value in the last 24 hours, trading below $200, as the bearish trend in the market persists due to escalating trade tension between the US and China.
The native coin of the Solana blockchain has underperformed recently, dropping below the $200 mark with market volatility still evident. Currently, Solana's SOL is trading at $195 per coin.
The trade disputes between the US and China have triggered uncertainty and a risk-off sentiment in the cryptocurrency market. In response to US fees on Chinese ships, the Chinese government announced levies to safeguard its shipping industry from "discriminatory" measures.
The Chinese government announced that its levies are designed to safeguard the country’s shipping industry from “discriminatory” measures.
- SOL has lost 1% of its value in the last 24 hours.
- Currently trading at $195 per coin.
- Trade tension between the US and China escalates.
Author's summary: SOL dips below $200 due to US-China trade tension.
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