- Top laggard SOL giving up $0.659, or 2.4%, so far this session Dogecoin (down 2.03%) has also underperformed today.
- European markets are currently mixed so far this session.
The trading session is well on its way, crypto markets are up — Dow Jones up to 30,700, gaining 1.21%. S&P 500 up to 3,703.59, gaining 1.03%.
European markets are in session with varied performances. Asia-Pacific markets have struggled to gain ground and are now trading lower midway through the session.
With Q3 earnings season getting underway, around 82.35% of US companies have beaten market estimates so far. This past week, Johnson & Johnson and Bank of America published their earnings reports while Microsoft and Alphabet are scheduled to release their results in the coming days.
Uptick coincides with some positive signs published earlier as United States Initial Jobless Claims beat analyst expectations of 230,000 and the previous reading of 226,000 with new data of 214,000.
Today's rise takes place amid mixed market indicators — United States Existing Home Sales (Sep) released yesterday at 14:00 UTC with a figure of 4.71 million, while the previous figure was 4.78 million. United States Philadelphia Fed Manufacturing Index (Oct) came out at -8.7, while a consensus of analysts was expecting -5.
SOL draws back 2.4% to trade at $27.34. Dogecoin (down 2.03%) has also underperformed today.
SOL bounces $0.341 from 4 months low
Solana dropped to $27, hitting its lowest point in 4 months. Later, it recovered $0.341 and is now trading at $27.34. Today's losses are adding to a 4 day bearish run, during which SOL lost $3.2 of its value.
Dogecoin ended the previous session at $0.059; currently trading at $0.059
More of the same today: DOGE is sharply lower after losing $0.001, declining as low as $0.059. Dogecoin is currently trading with a market cap of 7.79 billion with an average daily volume of 44 million.