November 5th, 2025
Crypto traders lost nearly $700 million in liquidation on Monday as Bitcoin continues to rally.
Solana (SOL) price has surged past the $200 mark benefiting from recent Federal Reserve rate cuts and broader market optimism after Trump’s election win.
Bitcoin hits new highs as Trump’s pro-crypto win sparks investor optimism, fueling extreme greed and bullish trends across the crypto market.
Solana’s climb has now placed it as the fourth-largest cryptocurrency position, following only Bitcoin (BTC), Ethereum (ETH), and Tether’s USDT.
The notable surge may have been driven by key developments across various sectors.
A major whale sold 357,070 SOL (worth $58.54 million), contributing to this Solana price decline and reducing Solana’s market cap by more than $8 billion over the past week.
Solana’s rapid growth, driven by meme coin trading and user engagement, highlights its competitive edge over Ethereum in user activity and transaction efficiency.
Bitcoin’s drop to $68,000 wiped out $225 million from the crypto market on Monday.
The crypto market is bracing for heightened volatility ahead of the Us election results, with Bitcoin dominance reaching its highest level since March 2021, while altcoins face a stronger correction.
Solana and Ethereum have continued in their value transfer moves amid broader shift in market dynamics.
With Ika’s integration on Sui, developers can now build secure, decentralized applications on a network that supports Bitcoin and other blockchains.
Canary Capital submitted a filing with the SEC for a spot Solana ETF on October 30 seeking permission for access Solana through traditional brokerage accounts without holding SOL directly.
Heavily backed by the Binance exchange, the FDUSD stablecoin was previously available on Ethereum, BSC, and Sui networks.
The Cardano network has suffered a low adoption rate compared to rival chains, such as Solana (SOL) and Toncoin (TON), despite notable developments.
In October, Solana has outperformed Bitcoin and other altcoins, gaining 15% and eying for a potential rally to $200 and above.