Bitcoin (BTC) and Solana (SOL) Dipped After Retesting Key Price Levels, with News of a Potential $2 Billion BTC Dump by the U.S. Government Spooking Investors. However, the Market Remains Bullish and

Bitcoin revisited price levels below $66,000 on Monday after sharply retreating from the psychological $70,000 threshold, and Solana touched $179

Bitcoin and Solana prices dropped on Monday after key price levels were retested, with news of a potential $2 billion BTC dump by the U.S. government further spooking investors. However, the market remained bullish and both BTC and SOL were eyeing a bounce.

Bitcoin price offered ‘buy the dip’ opportunity after government Silk Road BTC move

Bitcoin revisited price levels below $66,000 on Monday after sharply retreating from the psychological $70,000 threshold, and Solana touched $179 as the BTC sell-off cascaded to altcoins.

This dip in crypto prices followed news that the U.S. government had moved over $2 billion of its Silk Road bitcoins. Market reaction plunged the top coin down, impacting the rest of the market.

But despite the declines, sentiment remained positive and crypto traders were looking to refresh for an upward push. Both BTC and SOL are now above key price levels.

Solana price could explode higher as SEC changes tune on Binance lawsuit SOL sales

Solana could explode higher after the U.S. Securities and Exchange Commission amended its lawsuit against crypto exchange Binance. In documents filed on Monday, the regulator told Binance it seeks an amendment that redefines SOL as a security.

The SEC sued Binance, defining SOL, ADA, Binance Coin (BNB), MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI as securities when it was barred from registering. This amendment may change these definitions.

As the broader market bids for a reset, the meme coin market could be first out of the blocks. In recent dog coin trends, this has happened with dogwifhat, Pepe and Popcat. PolitiFi tokens have also seen significant volatility amid the unfolding U.S. political landscape.

New meme coin Poodlana excites investors with Raydium listing after presale

In recent meme coin trends, new projects have listed on DEXes like Raydium, SushiSwap and PancakeSwap after completing their token sales.

One of the standout projects merging the hype around meme coins, luxury fashion and cryptocurrency, is Poodlana (POODL). Having gone viral ahead of launch, Poodlana began its 30-day presale on August 6.

In less than two weeks, the project has raised over $3.5 million and is continuing to gain momentum. Launched as a 30-day token sale with 50% of supply available, Poodlana has found great traction in Asia and is catching on around the world.

Part of the attraction to investors is down to POODL. As a dog-themed meme coin, the POODL captures the glitz around one of the world’s cutest pooches – the poodle.

Poodlana brings this much-loved canine to Solana, combining luxury and the fast-moving world of crypto to offer early adopters a chance to benefit from available opportunity.

Investors are also upbeat about POODL as the token will list on Raydium hot off the presale. According to details on the Poodlana website, trading on the DEX will go live within an hour of the presale ending on August 16.

Is Poodlana worth buying? The latest to benefit from a listing on Raydium

The current price of $0.0335 therefore offers those eyeing the new dog-themed meme coin a chance to lock in potential gains ahead of the broader market’s expected bounce. Latest news that the SEC has amended its complaint against Binance to exclude SOL and other tokens as crypto securities will spark the overall altcoin market.

However, given its Asian traction, greater appeal to the fashion-centric and crypto savvy, Poodlana stands out as potentially the best meme coin to buy.

To learn more, visit the Poodlana website.

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