The cryptocurrency market seems to have no recovery in sight. The market faced another massive correction over the last 24 hours, with Bitcoin (BTC) dipping to the $85,000 price level. According to Coinglass data, more than $650 million was liquidated from the crypto market in the last 24 hours. Solana (SOL) was not spared from the carnage either. According to CoinGecko data, Solana’s (SOL) price has crashed 3.7% in the last 24 hours, 4% in the last week, 0.3% in the 14-day charts, and 10.3% over the previous month. SOL’s price has also dipped by 42.7% since December 2024. SOL was among the best-performing cryptocurrencies of 2024. However, the asset has lost all gains made over the last year.
When Will Solana Recover From The Crash?
Solana’s (SOL) lackluster performance over the latter half of 2025 is truly concerning. According to CoinGecko, the SOL blockchain is the most popular network in 2025 by a large margin.
The current market predicament most probably arises from continued macroeconomic uncertainties. Investors are moving away from risky assets such as Solana (SOL) and other cryptocurrencies. Silver hitting a new all-time high is a signal of market participants taking a less-risk approach.
Solana (SOL) will likely not recover until the economy improves. The Federal Reserve rolled out a 25 basis point interest rate cut earlier this month. Usually, rate cuts lead to increased risky investments as borrowing becomes easier. However, since October, interest rate cuts have done little to push crypto prices.
Also Read: Solana Shows No New Users: What It Signals for the Next SOL Price Move
Despite the ongoing market bloodbath, there is a high chance that Solana (SOL) will recover its price levels in due time. Solana (SOL) is among the most resilient crypto assets in the market. The asset fell to below $9 in 2022 after the FTX debacle. Since its 2022 crash, SOL has made quite a comeback. A similar rebound may take place once the global economy is back on its feet. Nonetheless, a recovery may take longer than many anticipate.