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1 Top Cryptocurrency to Buy Before It Soars 1,850%, According to VanEck
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Solana rallies as risk appetite returns
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After months of little ado about everything, the markets are finally seeing some of their old momentum.
As BTC surged above $122,000 on Monday, Solana was pulled along in the gravity tail of bitcoin’s inflation-cooled rebound. SOL jumped 13% to reach $174.45 — its highest level in weeks — likely buoyed by the excitement around pump.fun’s recent, highly successful ICO.
On macro, this week’s backdrop gave just enough breathing room for risk assets to stretch.
While the CPI came in hotter than expected at 2.7% year over year, the PPI cooled to 2.3%, below forecasts. In short, the split was just soft enough to soothe the market’s anxiety over imminent Fed tightening, even if the July 30 FOMC meeting remains priced for a hold.
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