SOL Dips Below $200 Amid US-China Trade Tension
SOL has lost 1% of its value in the last 24 hours, trading below $200 at $195 per coin, as the bearish trend persists.
The Solana blockchain's native coin underperforms due to escalating trade tension between the US and China, triggering market volatility and uncertainty.
- SOL's value drops below $200 mark
- 1% loss in value over the last 24 hours
- Trade disputes between US and China cause risk-off sentiment in the cryptocurrency market
The Chinese government announced levies to safeguard its shipping industry from "discriminatory" measures, retaliating against US fees on Chinese ships.
This development contributes to the ongoing bearish trend in the market.
Author's summary: SOL dips below $200 due to US-China trade tension.