SOL Price Dips Below $200 Amid US-China Trade Tensions
SOL has fallen below $200, losing 1% of its value in the last 24 hours, as market volatility persists.
The native coin of the Solana blockchain has underperformed recently due to escalating trade tensions between the US and China.
- SOL has dropped below the $200 mark, currently trading at $195 per coin.
- The trade disputes have triggered uncertainty and a risk-off sentiment in the cryptocurrency market.
The Chinese government announced levies to safeguard its shipping industry from "discriminatory" measures, targeting US-owned vessels.
This move is in retaliation for US fees on Chinese ships, further escalating trade tensions.
Author's summary: SOL dips below $200 amid trade tensions.