The price of Bitcoin found itself falling just slightly last Sunday. It managed to keep steady and stay above the $21K mark. Ether has also managed to stay above $1200. At the same time, the Web3 phone from Solana also needs to deal with odds that are long. This is according to the industry track records of the blockchain industry.
Bitcoin Stays Above $21K
Those who thought that the price of bitcoin would fall below $20,000 last weekend were left disappointed. It did however, go down by around 1% within the past day. However, despite this, it still continues to trade at more than $21K. This is a rise compared to the levels that it had fallen to the previous weekend.
When Sunday came, investors were pleased to find that there were faint signs that the economy in the US is improving. This implied that it was possible that the Federal Reserve might choose to tone down their hawkishness over money later this year. The price of bitcoin has been found to relate to trends that are macroeconomic. These have become more and more worse within the last few months.
The Solana Smartphone
An announcement has come from Solana Labs, that they are working on a new smartphone. This phone will ideally come out next year. This phone will have crypto wallets that have specialty functions. It will come with the Solana Mobile Stack. This is a kit for software development meant for programs that are Web3.