Solana founder criticizes the value of Bitcoin Flash news details

On March 1, 2025, Solana’s founder made a controversial statement on Twitter, claiming that “BTC has no value”, which led to large market reactions and discussions (Source: Twitter, TO, March 1, 2025). Immediately after this statement, the price of Bitcoin witnessed a remarkable volatility, as it decreased from 65,000 dollars to $ 62,500 during the first hour of the publication of the tweet (Source: Coinmarketcap, March 1, 2025, 10:00 am to 11:00 am UTC). This sharp decrease was accompanied by an increase in trading volume, as the trading volume increased 24 hours by 15 % to 45 billion dollars (Source: Coingecko, 1 March 2025, 24 -hour data). Solana has seen itself 3.5 % price increase, moving from $ 120 to 124.20 dollars, and perhaps paid to increase interest in the platform after the founder’s comments (Source: Coinmarkketcap, 1 March 2025, 10:00 am – 11:00 am UTC). Solana’s trading volume also witnessed 12 %, with a total of $ 2.3 billion during the same period (Source: Coingecko, 1 March 2025, 24 -hour data). The effect of the statement extended to other encrypted currencies, where ETHEREUM showed a modest decrease of 25 % from $ 3500 to $ 3,430 (Source: CoinMarketCap, 1 March 2025, 10:00 am – 11:00 am UTC). The total market value of encrypted currencies decreased by 1.8 %, which reflects the response of the broader market for the statement (Source: Coinmarketcap, 1 March 2025, 24 -hour data).

Trading effects to show the Solana founder’s multi -faceted statement. First, the immediate decrease in the price of Bitcoin indicates a significant sensitivity in the market for the opinions of influencing personalities, especially those resulting from Blockchain (Source: CoinmarketCAP, 1 March 2025, 10:00 am to 11:00 am Pacific time). The growing trading volume of Bitcoin and Solana indicates an increase in market activity and potential fluctuations, which traders must closely monitor (Source: Coingecko, 1 March 2025, 24 -hour data). The high price of Solana can be explained amid a shrinkage in the broader market as a journey to alternative assets, where investors may seek to take advantage of the power of the Solana ecosystem after the founder’s statement (Source: Coinmarketcap, 1 March, 1025, 10:00 am – 11:00 am). This scenario displays trading opportunities, such as bitcoin default or long -standing positions on Solana, but traders must remain vigilant due to the possibility of market fluctuations (Source: Tradingvief, 1 March 2025, market analysis). In addition, the influence on ETHEREUM and other altcoins highlights the interconnected nature of encrypted currency markets, where data from one ecosystem can be crowned through others (Source: Coinmarketcap, 1 March 2025, 10:00 am to 11:00 am Pacific time).

Technical indicators provide more insight into the market reaction. The Bitcoin (RSI) Relative Indexes decreased from 72 to 68 during the first hour of tweet, indicating the transition from the peak of purchase to a more neutral position (Source: Tradingvief, 1 March 2025, 10:00 am to 11:00 am UTC). On the contrary, Solana’s RSI rose from 55 to 62, indicating the increasing momentum of the original (Source: TradingView, March 1, 2025, 10:00 am – 11:00 am UTC). Betcoin’s MacD spacing showed a declining intersection, with the MACD line crossing the signal line crossing, indicating more downward pressure (Source: TradingView, 1 March 2025, 10:00 am – 11:00 am UTC). On the other hand, Solana’s Macd showed a bullish intersection, where the MacD line moves over the signal line, indicating an upward momentum (Source: TradingView, 1 March 2025, 10:00 am – 11:00 am UDP). Bitcoin trading volume increased on the main stock exchanges such as Binance and Coinbase by 20 % and 18 %, respectively, in the same time frame, which confirms the increasing market activity (Source: Coingecko, 1 March 2025, 24 hours). Likewise, the Solana trading volume on these platforms increased by 15 % and 13 %, which reflects a strong interest in the original (source: Coingecko, 1 March 2025, 24 -hour data). Bitcoin chain on the series showed an increase in the active headlines, increasing from 800,000 to 950,000 per hour, indicating an increase in network activity (Source: Glassnode, 1 March 2025, 10:00 am to 11:00 am UTC). Solana’s scales on the chain also showed growth, with 10 % increased volume of transactions (Source: Solana Explorer, 1 March 2025, 10:00 am – 11:00 am International time).