Crypto Market seems like another Stock (tech) market, so with current economic fears (debt, interest rates, currency and etc.) BTC (crypto trend setter) tends to follow S&P 500 at the moment.
As S&P500 rises BTC seem to rise too, hence SOL rises assuming that crypto market (BTC) goes up.
Therefore, S&P500 -> BTC -> SOL (at the moment at least).
As S&P500 rises BTC seem to rise too, hence SOL rises assuming that crypto market (BTC) goes up.
Therefore, S&P500 -> BTC -> SOL (at the moment at least).