Solana Shines as Crypto Market Faces $680 Million Liquidation

The cryptocurrency market experienced $680 million in liquidations as Bitcoin, Ethereum, and Solana faced reversals in price trends. Bitcoin saw $246.66 million in liquidations, Ethereum recorded $116.07 million, and Solana stood out with $38.28 million liquidated. However, Solana surged by 6.8%, reaching $177.31 within 24 hours, in contrast to losses for major coins. The market's stability and potential positive sentiment lead to next month's Bitcoin halving and increasing inflows into products like a spot Bitcoin ETF.