Many investors bemoaned the high degree of correlation between crypto assets and US stocks during the previous bull market. Following the pandemic lows of March 2020, we saw both crypto and US equities (particularly growth stocks) rallying almost in lockstep until their respective highs in November of 2021.
Solana's (CRYPTO: SOL) price has decreased 3.16% over the past 24 hours to $21.04, continuing its downward trend over the past week of -15.0%, moving from $24.81 to its current price.