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At “Bitcoin 2024,” Trump and Republicans chase cryptocurrency votes and bucks.

At “Bitcoin 2024,” Trump and Republicans chase cryptocurrency votes and bucks.

Tennessee (Reuters) - Former US President and Republican candidate Donald Trump previously decried cryptocurrencies, labelling them as a "scam." He is now the featured speaker at one of the largest conferences in the industry.

On Saturday, the final day of the three-day Bitcoin 2024 convention in Nashville, Trump, who made the remark in 2021, will give a speech. Senators Cynthia Lummis of Wyoming, Bill Hagerty of Tennessee, and Republican former contender Vivek Ramaswamy will also be speaking.

Representative Ro Khanna of California is one of the Democrats.

Following the collapse of FTX and several other cryptocurrency companies in 2022, which caused token prices to plummet and forced some businesses into bankruptcy, the industry has rapidly recovered. Proponents of digital assets claim that voters are increasingly drawn to cryptocurrencies in this election year, though it's unclear how many of them would put cryptocurrencies ahead of other problems in the voting booth.

In an attempt to win over their support, the Republican Party is promising less regulation, which might link a currency designed to elude regulation to a significant American political party.

According to professor David Yermack of New York University's Stern School of Business, "for most of its history, crypto was really a nonpartisan issue," as neither Republicans nor Democrats were interested in learning more about it.

"I do think the Republicans in the last year or two have begun to move a little more quickly in the area."

Over 1.3 million supporters have joined Stand With Crypto, a nonprofit industry organisation supported by cryptocurrency exchange Coinbase. In the meantime, almost $230 million has been raised to assist friendly candidates by three significant pro-crypto super political action committees that did not exist prior to this cycle: Fairshake, Defend American Jobs, and Protect Progress.

It's already having an impact. This year, Fairshake, a super PAC that supports candidates who support cryptocurrencies, has spent more than $10 million attacking progressive Democrat Katie Porter of California in her Senate campaign. Porter lost her primary because she questioned the impact of bitcoin mining on climate change.

Proponents of cryptocurrency, such as the rich Winklevoss brothers who launched Gemini, are endorsing Trump. Each gave him $1 million in bitcoin, but they were forced to return the funds since they were more than the limit permitted by federal law.

The Federal Reserve announced in May that, overall, 7% of American adults owned or used cryptocurrency in 2023—a decrease of 3 percentage points from 2022 and 5 percentage points from 2021. On the other hand, more politicians than ever are attending the yearly convention.

One participant remarked in an interview, "There's a joke going around that the list of speakers looks like the RNC Lite," alluding to the Republican National Convention in Milwaukee in the middle of July.

THE NEW EMBRACE OF TRUMP

Trump's most recent demonstration of support for the sector will be at Bitcoin 2024. During a June fundraising event held in San Francisco, he attacked Democratic efforts to control the industry. Last month, he hosted bitcoin mining businesses at his Mar-a-Lago estate.

Attending the Mar-a-Lago meeting was Marathon Digital Holdings' head of public policy, Jayson Browder. "We have tried to engage with the Biden administration and they have not been receptive unfortunately." "And former President Trump has been more than receptive and is now being an active supporter of our industry."

Trump recently stated that he wanted to see more American companies mine bitcoin.

The Securities and Exchange Commission's enforcement measures under US President Joe Biden have displeased cryptocurrency executives.

The Biden-Harris administration will keep meeting with stakeholders and collaborating with Congress to create the appropriate protections to take use of the potential advantages and opportunities presented by the development of crypto-asset innovation, the White House informed Reuters.

If Harris wins the presidential election in November, she would probably carry forward Biden's crypto policies.

For this article, neither the Trump nor the Harris campaigns responded right away.

Traders placing bets on the possibility of a second Trump presidency are swarming asset classes that are anticipated to benefit from his administration.

"The cleanest and most direct way to play the 'Trump trade' so far," according to Cameron Dawson, chief investment officer of NewEdge Wealth, is cryptocurrency, and bitcoin in particular.

Hillary Adler, a conference attendee and co-founder of the operating system BitcoinOS, identifies as left-libertarian although she has always supported the Democratic Party. Adler, who identified as an undecided voter, stated that she does not find it surprising that some Republican lawmakers are now in favour of cryptocurrency.

"The Republicans have always had better long-tail strategies, politically," she stated. "Now, they care about crypto."

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Crypto Price on February 16: Crypto market capitalization surpasses $2 trillion as Bitcoin soars past $52,000

Crypto Price on February 16: Crypto market capitalization surpasses $2 trillion as Bitcoin soars past $52,000

The world's two biggest cryptocurrency tokens, Ethereum and Bitcoin, increased by more than 6% on Friday, sparking a significant rise in the market. The value of the world's cryptocurrency market, however, increased by 5% in the previous day to approximately $2.04 trillion. Ethereum was up 6.6% at $2,796 while Bitcoin was up 6% at $52,318. Bitcoin's $1 trillion market capitalization was recovered. The largest token in the world based on market capitalization has increased almost 135% in the past year, and it hasn't been so high since December 2021. After 26 months, Bitcoin's market capitalization of $1 trillion was regained, indicating possibility for more growth. Due to U.S. inflation figures, Bitcoin experienced a temporary decline below $50,000 on Tuesday; however, it quickly recovered. Bullish sentiment is still present, with a target price of $75,000, driven by significant inflows into spot BTC ETFs listed in the United States, such as BlackRock's IBIT. Experts predict that Bitcoin will continue to rise, citing $46,000 as a crucial support level while warning against a possible stall in the market's momentum. With prices for Ethereum and Bitcoin reaching their highest points of the year, the cryptocurrency sector is still growing. Increased investments in Bitcoin spot ETFs and optimism around the impending halving event are the main drivers of this growth. According to analysts, the increase in the price of bitcoin has improved investor attitude toward other coins including Solana, BNB, XRP, Dogecoin, and Cardano. Shiba Inu and Polygon have also seen a decrease in inflows. 7.53% of the 24-hour volume of the cryptocurrency market is now represented by the $7.14 billion total volume in DeFi. According to data available on CoinMarketCap, the total amount of stablecoins is currently $86.34 billion, or 91.1% of the entire 24-hour volume of the cryptocurrency market. Currently, 52.58% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased by 28.4% to $43.5 billion in the last day. With its next resistance target at $55,000, Bitcoin, which is currently trading over $52,000, is still in a bullish position. But since the RSI for Bitcoin is in overbought zone, a slight decline is expected before the weekend in order to clear out long positions in the market.

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Cryptocurrency Price Today: As Bitcoin Exceeds $45,000, BTT Emerges as the Leading Gainer

Cryptocurrency Price Today: As Bitcoin Exceeds $45,000, BTT Emerges as the Leading Gainer

Quick analysis of cryptocurrency prices on February 9: The value of the world market surged to $1.74 trillion. The world's oldest and most valuable cryptocurrency, Bitcoin (BTC), was able to break past $45,000 early on Friday. Other well-known coins, like as Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Ethereum (ETH), all performed well overall. The token that gained the most over the course of a day was BitTorrent (NEW) (BTT), which had a surge of more than 32%. Jupiter (JUP), on the other hand, dropped more than 9% in a day, making it the greatest loser. At the time of writing, the value of the entire cryptocurrency market was $1.74 trillion, an increase of 2.30 percent in a day. Bitcoin (BTC) Price Today According to CoinMarketCap, the price of bitcoin was $45,925.53, up 3.07 percent in a day. Ethereum (ETH) Price Today At the time of writing, the price of ETH was $2,448.18, up 0.71 percent in just 24 hours. Dogecoin (DOGE) Price Today According to CoinMarketCap data, DOGE saw a 24-hour increase of 0.45%, with a current price of $0.08046. Litecoin (LTC) Price Today Litecoin gained 3.35 percent in a day. It was trading at $71.25 at the time this was written. Ripple (XRP) Price Today The price of XRP was $0.5187 after rising 0.95 percent in a day. Solana (SOL) Price Today The price of XRP was $0.5187 after rising 0.95 percent in a day.

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Crypto Price on February 6: Bitcoin continues to trade above $43,000, but altcoins are mixed

Crypto Price on February 6: Bitcoin continues to trade above $43,000, but altcoins are mixed

Leading cryptocurrency tokens, including Bitcoin, Ethereum, BNB, and Chainlink, were trading slightly higher on Monday. In the past day, the value of the worldwide cryptocurrency market cap increased by 0.23% to over $1.64 trillion. Ethereum was up 0.8% at $2,307, while Bitcoin was up 0.5% at $43,037. Other altcoins had increases of up to 6%, including Internet Computer, BNB, Solana, Dogecoin, Tron, Polkadot, Polygon, and Toncoin. In contrast, Litecoin, Avalanche, XRP, Cardano, and Shiba Inu all had declines. Bitcoin has been in a range, circling the $43,000 mark, which appears to be strengthening as support. The Crypto Fear & Greed Index, which measures investor mood, remained positive throughout the weekend, maintaining a score of 60/100. The cryptocurrency market saw a slight decline over the weekend. Bitcoin remained inside the $41,000–$45,000 area, indicating some moving average support. A significant rising trend can start after $45,000 is cleared. The halving is one good factor that contributes to the bright outlook for BTC. With a slight decline, ETH is currently trading between $2,175 and $2,400. Although it's below important moving averages, recent events like the Dencun upgrade and rumors of the approval of an ETH spot ETF are encouraging. At $3.95 billion, the overall volume of DeFi represents 11.28% of the 24-hour volume in the entire cryptocurrency market. According to data accessible on CoinMarketCap, the overall amount of stablecoins is currently $30.64 billion, or 87.43% of the entire 24-hour volume of the cryptocurrency market. The largest cryptocurrency in the world, Bitcoin, saw a rise in market capitalization to $845 billion in the past day. Currently, 51.18% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of Bitcoin dropped 25.66% to $15.3 billion in the previous day.

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Crypto Week Ahead: Bitcoin Loses Attraction; Sideways Trading Is Anticipated To Go On

Crypto Week Ahead: Bitcoin Loses Attraction; Sideways Trading Is Anticipated To Go On

The price of Bitcoin (BTC) reached a high of $43,286.28 during the last seven days. The world's most popular cryptocurrency, Bitcoin (BTC), seems to be losing the unusual momentum that propelled it to $43,000 in value and a global market capitalization of over $1.61 trillion just last week. Still, BTC hasn't fallen below its ~$20,000 lows and, as of this writing, is holding steady over $41,000. However, BTC is anticipated to trade sideways over the next several days as investors' spending and greed seem to be tapering off. Readers should be aware that coin prices and the cryptocurrency market as a whole are very erratic before continuing. It is impossible to predict with certainty how cryptocurrencies will perform in the future. The purpose of this article is to assist investors in staying abreast of the most significant events that have already occurred, as well as some noteworthy forthcoming events and current market circumstances. Before taking any calls, investors are recommended to conduct their own research. Crypto Prices Over The Past Week On Monday, December 11th, the total market capitalization of cryptocurrencies was $1.58 trillion. The price of ETH was around $2,250, and the price of BTC was approximately $42,500. The total market capitalization fell to $1.46 trillion a week later. Check Out Top Crypto Prices Today With a total volume of $6.98 billion, DeFi accounts for 13.30 percent of the market's 24-hour volume. With regard to stablecoins, the total volume is $47.06 billion, or 89.65% of the 24-hour market capacity. The total market fear and greed index, according to CoinMarketCap, was at 70 points (out of 100) for "Greed," down from almost 80 points (Extreme Greed) just one week ago. The dominance of BTC was 51.87 percent at the time of writing. Bitcoin reached a high of $43,286.28 on December 14 and a low of $40,556.38 on December 12 over the last seven days. Conversely, Ethereum reached a low of $2,154.87 on December 13 and a high of $2,329.59 on December 15. Crypto Events To Note Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), underlined last week how important it is to regulate cryptocurrencies since they could jeopardise the stability of the financial system. Speaking at a digital currency conference in Seoul, Georgieva emphasised the difficulties involved in the general acceptance of cryptocurrency assets. Because of the inherent volatility that affects tax collection, she voiced concern that a boom in the adoption of crypto assets might imperil macro-financial stability, undermining the effectiveness of monetary policy transmission, capital flow management strategies, and the sustainability of fiscal policies. The president of the IMF emphasised the significance of regulatory actions to manage these possible dangers and preserve a stable financial system in light of cryptocurrencies' expanding influence. Additionally, Coinbase Global's request for the introduction of new laws in the digital asset industry was turned down by the US Securities and Exchange Commission (SEC) in a recent development. Following the denial on Friday, the biggest cryptocurrency exchange in the nation filed a lawsuit to overturn the ruling. The five-member SEC commission decided 3-2 against recommending additional rules. Contrary to Coinbase's claim, the majority claimed that they do not view the current regulatory environment for the cryptocurrency industry as "unworkable." Coinbase declared after the judgement that it had filed a petition to have the SEC's decision reviewed by a court of law. This development represents the most recent chapter in the conflict that has been raging between the leading U.S. financial regulatory body and the bitcoin industry. The SEC has continuously upheld the belief that a sizable percentage of cryptocurrency tokens are securities and are therefore subject to its regulation. This position has prompted legal action against several cryptocurrency companies, including Coinbase, for purportedly listing and trading tokens that the SEC believes ought to be registered as securities. Finally, in response to rumours regarding the company's pursuit of a $50 million investment round, OpenAI CEO Sam Altman reaffirmed his support for the cryptocurrency project Worldcoin. Building a global financial network and identity is Worldcoin's main goal. More than 2.6 million people have expressed interest in having their iris scans performed using Worldcoin's "orb" devices, demonstrating the high level of interest in the effort. Participants get a digital identity and free cryptocurrency in exchange. Investment bank with a fintech concentration FT Partners hosted a virtual Q&A session where Altman discussed these issues. This meeting was held one week after The Block, a cryptocurrency news outlet, published an article detailing the attempts of Worldcoin's parent organisation, Tools For Humanity, to raise $50 million from possible investors.

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Cryptocurrency Price Today: Bitcoin Rises Above $37,000 Once More, With Major Gains in Top Coins

Cryptocurrency Price Today: Bitcoin Rises Above $37,000 Once More, With Major Gains in Top Coins

Quick analysis of the cryptocurrency pricing on November 15: The total market value increased by $1.43 trillion. After a day of decline, Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, was able to surpass $37,000 once more. Ethereum (ETH), which also crossed the $2,000 threshold, participated in the rise. Riding high on optimistic market sentiment, several well-known altcoins, such as Solana (SOL), Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC), were able to soar to great heights. The token that gained the most in a day was ETHDYDX, with a surge of around 25%. OKB saw the largest loss over a 24-hour period, falling more than 6 percent. At the time of writing, the value of the entire cryptocurrency market was $1.43 trillion, an increase of 5.15 percent in a day. Bitcoin Price Today According to CoinMarketCap, the price of bitcoin increased by 5.59 percent in a day to $37,418.66. As to the Indian exchange WazirX, the current value of Bitcoin was Rs 32.70 lakh. Ethereum Price Today As of the publication of this article, the price of ETH was $2,050.53, up 3.84 percent in just 24 hours. Ethereum's price in India was Rs 1.80 lakh, according to WazirX. Dogecoin Price Today According to CoinMarketCap data, DOGE experienced a 5.51 percent 24-hour gain, with a current price of $0.07671. The price of Dogecoin in India was Rs 6.57, according to WazirX. Litecoin Price Today Litecoin gained 3.40 percent in a day. When I wrote this, its trading price was $73.72. In India, the cost of LTC was Rs 6,380. Ripple Price Today The price of XRP was $0.6475 after rising 3.02 percent in a day. WazirX said that the price of Ripple was Rs 55.99. Solana Price Today The price of solana was $66.33, up 15.54 percent in a day. WazirX reports that the price of SOL in India was Rs 5,075.05.

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Cryptocurrency Price Today: When Bitcoin Drops Below $35,000, BLUR Rises to the Top

Cryptocurrency Price Today: When Bitcoin Drops Below $35,000, BLUR Rises to the Top

Quick analysis of the cryptocurrency pricing on November 7: At $1.32 trillion, the market capitalization was global. Tuesday morning saw a fall in the price of Bitcoin (BTC), signalling a downturn following several days of significant increases. According to CoinMarketCap, the total market's Fear & Greed Index was 73 (greed). Well-known altcoins, including as Litecoin (LTC), Dogecoin (DOGE), Ripple (XRP), and Ethereum (ETH), performed well overall. Blur (BLUR) saw the largest gain of all, rising more than 19% in a single day. However, Immutable (IMX) lost more than 10% of its value in a day, making it the greatest loser. At the time of writing, the value of the entire cryptocurrency market was $1.32 trillion, a gain of 0.30 percent in a day. Bitcoin Price Today According to CoinMarketCap, the price of bitcoin was $34,885.97, representing a 0.18 percent decline over the course of a day. As per the Indian exchange WazirX, the current price of Bitcoin was Rs 30.05 lakh. Ethereum Price Today At the time of writing, the price of ETH was $1,888.52, a 0.20 percent increase in just one day. Ethereum's price in India was Rs 1.65 lakh, according to WazirX. Dogecoin Price Today According to CoinMarketCap data, DOGE saw a gain of 3.93 percent in a 24-hour period and is currently trading at $0.07457. The price of Dogecoin in India was Rs 6.41, according to WazirX. Litecoin Price Today Litecoin increased by 1.99% in a single day. As of writing, its trading price was $73.18%. In India, the cost of LTC was Rs 6,200.05. Ripple Price Today The price of XRP was $0.688 after rising 0.98 percent in a day. WazirX reported that the price of ripple was Rs 59.60. Solana Price Today The price of Solana was $40.81, down 0.37 percent in a day. The price of SOL in India was Rs 3,511.01, according to WazirX.

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Cryptocurrency Price Today: Bitcoin Regains Steam Following FTX Ruling, EGLD Jumps More Than 37%

Cryptocurrency Price Today: Bitcoin Regains Steam Following FTX Ruling, EGLD Jumps More Than 37%

Quick analysis of the cryptocurrency pricing on November 6: The worldwide market capitalization increased to $1.32 trillion. Bitcoin (BTC) reclaimed the $35,000 milestone early Monday, reversing a small drop following the conviction of embattled crypto platform FTX creator Sam Bankman-Fried for money laundering. According to CoinMarketCap, the total market's Fear & Greed Index was 73 (greed). Popular altcoins, such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC), all finished in the green. MultiversX (EGLD) was the highest gainer of the day, gaining more than 37% in a single day. GateToken (GT), on the other hand, became the biggest loser, losing more over 1% in a 24-hour period. Bitcoin Price Today According to CoinMarketCap, the price of bitcoin was $35,032.16, representing a 0.81 percent decline in a 24-hour period. According to the Indian exchange WazirX, the price of Bitcoin was Rs 30 lakh. Ethereum Price Today At the time of writing, the price of ETH was $1,887.45, representing a 0.20 percent 24-hour increase. According to WazirX, the current price of Ethereum in India is Rs 1.62 lakh. Dogecoin Price Today DOGE gained 2.80 percent in a 24-hour period, according to CoinMarketCap data, and is currently trading at $0.07185. According to WazirX, the Dogecoin price in India is Rs 6.11. Litecoin Price Today Litecoin gained 0.49 percent in a 24-hour period. It was trading at $71.85 at the time of writing. In India, the price of LTC was Rs 6,128.86. Ripple Price Today The price of XRP was $0.683, representing a 9.35 percent gain in a 24-hour period. According to WazirX, the current price of Ripple is Rs 59.04. Solana Price Today Solana was trading at $41.19, down 3.46 percent in 24 hours. According to WazirX, the SOL price in India is Rs 3,508.86.

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Despite a turbulent week, Bitcoin and Ethereum remain stable

Despite a turbulent week, Bitcoin and Ethereum remain stable

Due to debates about monetary policy and the publication of the Consumer Price Index (CPI) data for May, the cryptocurrency market had a tumultuous week. The trading range for Bitcoin (BTC) varied during the week between US$24,900 and US$26,250. The price of Bitcoin initially began the week above the US$26,000 threshold, but it later fell under US$25,000, hitting its lowest level since March. The Federal Reserve's decision to keep interest rates constant had an impact on this decline. Unexpectedly, the Fed also anticipated two additional rate increases during this cycle, which was consistent with investor forecasts. Contrary to expectations, the cryptocurrency market reversed course and started selling again after a three-week hiatus. The Fed's benchmark interest rate is currently between 5% and 5.25% after a run of ten straight rate hikes. The interest levied on short-term loans by banks and other depository institutions is based on this figure, which represents the highest rate since 2007. The price of Bitcoin (BTC) has significantly increased over the past day, surpassing the US$25,500 mark and recovering from the three-month low it hit on Wednesday. This rebound might be credited, at least in part, to BlackRock's submission of an exchange-traded fund (ETF) application with a cryptocurrency backing. With a rise of more than 1%, BTC snapped a three-day losing run. The U.S. Securities and Exchange Commission brought legal charges against Binance and Coinbase at the same time as these developments. Bitcoin has shown a spectacular 53% gain since the start of the year, despite a 6% fall in performance for the month. Ethereum (ETH), the second-largest cryptocurrency, has stayed between $1,600 and $1,700, on the other hand. Similar to BTC, ETH has been on a downward trend for three days until seeing a significant surge on Friday. The performance of ETH has dropped by more than 10% for the month, but year-to-date, it has grown by 39%. The SEC's charges against Binance and Coinbase exchanges may still be having an impact on the cryptocurrency market given the modest price movement and lack of optimistic reaction to the rate hike postponement. A fascinating occurrence occurred last week when Hong Kong's much awaited cryptocurrency legislation went into force, launching a new regulatory framework for virtual assets. This month saw the implementation of the regulations that allow for retail trading, marking the beginning of Hong Kong's efforts to become a well-known centre for virtual assets.

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Cryptocurrency Price Today: SingularityNET is the biggest loser, with some gains seen in Litecoin and Ripple.

Cryptocurrency Price Today: SingularityNET is the biggest loser, with some gains seen in Litecoin and Ripple.

Bitcoin (BTC) and Ethereum (ETH), two of the most valuable crypto currencies, managed to surpass $27,000 and $1,700, respectively. Other well-known altcoins, such as Dogecoin (DOGE) and Solana (SOL), suffered losses as general prices saw only modest increases in all markets. The Flare (FLR) token saw the largest increase, rising more than 6.91 percent in a single day. On the other side, The SingularityNET (AGIX) ended up being the biggest loser. The worldwide crypto market cap was $1.15 trillion at the time of writing, down 0.24 percent over the previous day. Bitcoin price today According to CoinMarketCap, the price of one bitcoin was $27,909.60 with a 24-hour decline of 0.29 percent. The price of Bitcoin was Rs 24 lakhs, according to Indian platform WazirX. Ethereum price today At the moment of writing, the price of ETH was $1,766.57, representing a 24-hour loss of 0.58 percent. According to WazirX, the price of ethereum in India was Rs 1.53 lakhs. Dogecoin price today Currently trading at $0.07388, DOGE experienced a 24-hour loss of 1.61 percent, according to statistics from CoinMarketCap. Dogecoin's worth in India as of WazirX was Rs. 6.4609. Litecoin price today Litecoin gained 0.58 percent over the course of a day. Its price at the moment of writing was $92.61. LTC was priced at Rs 8,100.00 in India. Ripple price today The price of XRP was $0.4543, up 1.02% over the previous day. WazirX reported that the price of ripple was Rs 38.8823. Solana price today The price of solana was $20.69, up 0.25 percent over the previous 24 hours. SOL was priced at Rs 1,974.99 in India, according to WazirX.

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