SOL - Why Solana Chainlink and Cardano Are Falling Today
Shares of several cryptocurrencies fell today on a day that included new inflation data and a major announcement from the U.S. Justice Department related to crypto.
Shares of Solana (CRYPTO: SOL) traded nearly 7% lower than yesterday afternoon as of 1:44 p.m. ET today. Meanwhile, the price of Chainlink (CRYPTO: LINK) traded nearly 6% lower and the price of Cardano (CRYPTO: ADA) was down about 4.4%.
The day started with some seemingly positive inflation data. Retail sales in December declined 1.1% in December, as higher prices from inflation and higher interest rates began to take their toll on the consumer.
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Why Solana, Chainlink, and Cardano Are Falling Today