Amid the sea of losses for major cryptos, Solana’s native token hit an all-time high of $194.82 on Tuesday morning.
Ethereum, Solana reached benchmark highs on Friday amid the surging popularity in NFTs
Crypto’s total market capitalization is still nearing $2 trillion, according to Messari.
Altcoins like Cardano and XRP made significant gains on Wednesday, hiking 16.71% and 18.85% as of 4:00 pm ET.
Ethereum and bitcoin shed just 1.5% and 2% on the news, and made small gains later in the day.
Bitcoin traded above its 200-day moving average line despite efforts to change broad industry taxation language in the infrastructure bill.
The dollar rallied following strong jobs figures, rising up to an almost two-week high on Friday morning.
President Biden said unemployment rate is at lowest level since the start of the pandemic