Bitcoin (BTC) is nearing its lowest level in months, with a 2% decline in the past 24 hours and a 10% drop in the past week. The broader crypto market is also down 4% in the past 24 hours. Solana (SOL) has experienced a 16% decline and is down 35% over the past month. Standard Chartered's Geoff Kendrick predicts that bitcoin will reach $500,000 by the time Donald Trump leaves office. Despite current price action, Kendrick is hopeful due to institutional ownership of spot bitcoin ETFs, including Goldman Sachs and Abu Dhabi. The Solana ecosystem, known for memecoin trading and token launches, is facing challenges after the pump-and-dump token launch of LIBRA. Solana-based tokens and decentralized exchanges have experienced significant losses. The upcoming SOL unlock event, which will increase the token's circulating supply, adds uncertainty to the market. The precise size and date of the unlock are still unknown.



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