SOL Price Dips Below $200 Amid US-China Trade Tensions
SOL has lost 1% of its value in the last 24 hours, trading below $200 at $195 per coin, due to the bearish trend in the market.
The native coin of the Solana blockchain has underperformed in recent days as trade tensions between the United States and China escalate, triggering uncertainty and a risk-off sentiment in the cryptocurrency market.
- SOL has dropped below the $200 mark.
- Market volatility remains high.
- The Chinese government has announced levies to safeguard its shipping industry from "discriminatory" measures.
The Chinese government announced that its levies are designed to safeguard the country’s shipping industry from “discriminatory” measures.
This move is in retaliation for US fees on Chinese ships, with the US imposing fees on Chinese-owned, operated, built, or flagged vessels.
Author's summary: SOL dips below $200 amid escalating trade tensions.