Solana Beach KursSOLANA

Fireblocks and #Solana Exhibit Resilience Amid Record Crypto Liquidation During a historic $19.5 billion crypto liquidation, Fireblocks and #Solana showcased robust infrastructure, maintaining transaction speed and reliability under extreme market stress.

On November 20 (ET), Bitcoin spot ETFs saw a total net outflow of $903 million, the second-largest in history. Ethereum spot ETFs recorded a total net outflow of $262 million, marking eight consecutive days of net outflows. Solana spot ETFs had a total net inflow of $23.66 million.

#Solana ETFs Post Second-Biggest November Inflows as Demand Grows During Downturn

#Solana Teases Upcoming Major Announcement

+The crypto market fell sharply today, wiping 971.billions from major assets within hours. 55,Bitcoin dropped to around $88,650, down 345more than 12% this week, while Ethereum 47.slipped to $2,905 after a 14% seven-day 07,decline. XRP also retreated to $2.05, extending its weekly losses to nearly 16%. The global market cap now sits near $3.06 trillion, showing how widespread the selling pressure has become. Bitcoin Leads the Slide as Liquidity Tightens Bitcoin’s decline appears to be driven by a mix of liquidations, profit-taking, and renewed macro uncertainty. With trading volume above $86 billion, aggressive swings show how nervous traders are. Analysts say $BTC falling below $90,000 has triggered automatic sell orders, pushing prices lower and dragging the rest of the market with it. $ETH and Solana followed the same pattern as capital rapidly moved to stablecoins like USDT and USDC. $XRP Drops as ETF Frenzy Meets Market Reality XRP’s slip to $2.05 comes at a time when excitement around new XRP ETFs is at its peak. Despite strong inflows and heavy trading activity, the broader risk-off sentiment is overwhelming individual catalysts. XRP’s seven-day chart shows a steady decline as investors take profits ahead of upcoming ETF launches and volatility spikes across the market. Macroeconomic Shock: US Unemployment Surges The biggest driver of today’s crash is the surprise jump in the US unemployment rate to 4.4%, the highest level in four years. This figure shows that the labor market is weakening faster than expected, raising concerns about a slowdown in economic activity. However, in a twist, US stock market futures are soaring at the same time. Why Are Stocks Pumping While Crypto Is Dumping? The unusual reaction comes down to Federal Reserve policy expectations. A weakening labor market forces the Fed closer to cutting interest rates. Rate cuts are usually bullish for risk assets, but markets often drop in the short term before stabilizing. Crypto is responding with fear, while equities, especially tech—are reacting positively.