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Solana Price Breaks $150 – Could Powell’s Rate Cut Comments Propel SOL to $1,000 by Year-End?
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Solana (SOL) has extended its bullish momentum, trading at around $158.31 and reaching an intra-day high of $158.67. After hovering near $140 for most of the past week, SOL witnessed a sharp overnight surge, breaking through the $158.00 level.
Several factors have contributed to this rally:
Jerome Powell’s dovish comments at Jackson Hole have had a profound impact on the cryptocurrency market.
The suggestion of potential interest rate cuts has fueled investor optimism, leading to a surge in market activity around Solana (SOL).
Read more on cryptonews.comAbout this in other media
Bitcoin Rallies Above $64,000 as Fed Hints at Rate Cuts – Could We See a New High Soon? cryptonews.com /3 months ago
Bitcoin Price Hits $64K Amid Fed Rate Cut Speculation and $252M ETF Inflows cryptonews.com /3 months ago
Crypto Investment Inflows Surged Last Week Following Powell’s Speech – CoinShares cryptonews.com /3 months ago
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