Latest news with #pricevolatility
Forbes
2 days ago
- Business
- Forbes
What's Behind Solana's Price Swings?
Solana (SOL) has undergone considerable price swings, demonstrated by a significant drop from about $260 in mid-January to roughly $105 in early April, subsequently followed by a recovery to aroud $155 now. This variability reflects general trends in the cryptocurrency market. The initial downturn in cryptocurrencies, including Solana, after January is linked to President Donald Trump's trade policies and the resulting trade conflicts. Conversely, the recent stabilization in both stock and cryptocurrency markets, exemplified by Bitcoin's strong rebound to nearly all-time highs of $105,000, is associated with the signing of new trade agreements. Separately, see – Buy, Sell, or Hold HIMS Stock? Despite the overall recovery in the cryptocurrency market, Solana remains significantly below its all-time high, suggesting an underperformance in relation to Bitcoin. One factor contributing to this underperformance seems to be the recent sharp decline in meme coins, such as SOLX, BONX, and TRUMP, which are built on the Solana platform. Additionally, the reinstatement of tariffs has added to recent volatility affecting Solana. This development comes after a temporary lifting of the ban by the U.S. Appeals Court on Thursday, following the U.S. International Trade Court's initial decision to overturn the tariffs the previous Wednesday. Maintaining the removal of tariffs could have led to several beneficial ripple effects for the U.S. economy, including potentially controlling inflation and decreasing recession risks. The broader cryptocurrency market has experienced a rally since Trump's victory in the U.S. presidential election, driven by hopes for a more favorable regulatory climate for digital currencies under the new government. Solana itself is a blockchain network noted for its capability to execute transactions rapidly and economically, while also offering tools for the creation of decentralized applications. However, the intrinsic volatility within the cryptocurrency market—often reflecting the uncertainties present in wider equity markets influenced by macroeconomic conditions—poses challenges for investors. Even well-established cryptocurrencies such as Ethereum (ETH) and Ripple (XRP) have undergone considerable volatility and remain far below their January peaks, highlighting the high-risk characteristics of digital assets. Investing in individual equity stocks can be precarious, let alone in a single cryptocurrency. That's why you construct a portfolio. A robust one. Balance risk-reward. We excelled at this with the Trefis High Quality (HQ) portfolio. Balancing risk-reward is how HQ surpassed the S&P 500, the Nasdaq, and Russell 2000. HQ outperformed all of them, achieving >91% returns since its inception.
Reuters
22-05-2025
- Business
- Reuters
Neo Performance Materials exits separation facilities in China
May 22 (Reuters) - Neo Performance Materials ( opens new tab said on Thursday it has exited its China separation facilities, as the Canadian rare earths company aims to reduce geopolitical risk and price volatility while expanding in Europe and North America. The exit concludes a strategic review it launched last year. The company said it sold its majority stakes in two Chinese separation facilities, the value of which was not disclosed. China controls the vast majority of global rare earth processing, making the sector highly vulnerable to supply disruptions and price swings tied to trade tensions or domestic policy shifts. The rare earths company also divested its gallium trichloride business in Quapaw and closed the hydrometallurgy portion of its Niobium and Tantalum business. "The company is scaling its European magnet operations and evaluating additional supporting capabilities, such as heavy rare earth separations," Neo said in a statement. Neo expects its permanent magnet facility in Europe to be completed on time and on budget, and start commercial production in 2026.
