During the initial week of 2024, the digital currency solana experienced a sharp decline, shedding over 6% in value. This downturn has relegated the crypto asset to the fifth position in market rank, as it oscillates beneath the $100 threshold on Saturday, Jan. 6, 2024. 2024 Brings Chill to Solana’s Market Performance After surging by over 700% in 2023, solana (SOL) has experienced a cool-off period. In the last week, SOL dipped slightly more than 6%, yet it still boasts a 46% increase against the U.S. dollar over the preceding month. As of Jan. 6, 2024, SOL’s intraday value fluctuated between a high near $100 and a low of $92.23, trading at $96.75 per unit at 12:51 p.m. Eastern Time. Notably, SOL commands significant influence in South Korea’s market, trading at $99 on Upbit and $98.81 on Bithumb, surpassing the global average of $96 per unit as noted on aggregate market sites. Tether ( USDT ) is SOL’s primary pair, constituting over 67% of all solana trades, followed by the U.S
Foundry Digital LLC has launched a new suite of products aimed at enhancing institutional bitcoin mining operations. Dubbed Foundry Hardware, this initiative introduces specialized equipment designed to improve mining system efficiencies and reliability. Foundry’s New Suite Aims to Optimize Institutional Cryptocurrency Mining Foundry Hardware‘s offerings include power supply units, immersion optimization kits, and control boards […]
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