Solana, Bitcoin & WFLI – American Wrap 25 March
Solana (SOL) continues to defy marketwide bearish sentiment, surging past $145 as open interest crosses the $5 billion mark. But can this momentum hold?
Bitcoin’s 30-day price correlation with the NASDAQ 100 (NDX) has surged to 70%, a level seen only twice before, according to a recent analysis by Matrixport. This high correlation suggests that Bitcoin is currently moving in lockstep with the broader tech sector, driven by similar macroeconomic forces.
President Donald Trump-inspired World Liberty Financial (WLFI) confirmed on Tuesday that it will launch its USD1 stablecoin, which it claims will be backed 1:1 with the US Dollar. This comes after the DeFi platform initiated several test transactions using the stablecoin on the Binance BNB Chain.
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