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Crypto market update: Solana leads declines

Solana posted the largest 24-hour drop; Bitcoin, Ether and XRP also fell, according to CoinGecko data as of Nov 8, 06:58 UTC.

MarketAlleys Research Desk

Published · 2 min read

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Illustration for: Crypto market update: Solana leads declines
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Where prices stand

CoinGecko shows Solana at $88.93, the biggest move in the crypto pack; Ether at $2,230.71, XRP at $1.1600 and Bitcoin at $75,743.00 all moved in the same direction. Solana fell 1.30%, Ether fell 0.58%, XRP fell 0.39% and Bitcoin fell 0.28%, all over 24 hours as of Nov 8, 06:58 UTC.

Instrument Last 5-session change Latest change As of Source
Bitcoin $75,743.00 -3.22% -0.28% Nov 8, 06:58 UTC CoinGecko
Ether $2,230.71 -1.66% -0.58% Nov 8, 06:58 UTC CoinGecko
Solana $88.93 -4.68% -1.30% Nov 8, 06:58 UTC CoinGecko
XRP $1.1600 -5.69% -0.39% Nov 8, 06:58 UTC CoinGecko

Trend check

MarketAlleys trend signals list Bitcoin, Ether, Solana and XRP as neutral. Bitcoin shows RSI(14) 38.1 with 50-day SMA 81993.03 and long SMA 73197.26; Ether RSI(14) 39.6 with 50-day SMA 2499.02 and long SMA 2156.44; Solana RSI(14) 31.1 with 50-day SMA 108.16 and long SMA 88.98; XRP RSI(14) 33.0 with 50-day SMA 1.3816 and long SMA 1.2712.

Instrument Close SMA50 Long SMA RSI(14) Trend status
Bitcoin 75,775.28 81,993.03 73,197.26 38.1 neutral
Ether 2,236.28 2,499.02 2,156.44 39.6 neutral
Solana 90.06 108.16 88.98 31.1 neutral
XRP 1.1785 1.3816 1.2712 33.0 neutral

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 7, 22:40 UTC); it is not a recommendation.

Sources and data

Market data as of Nov 8, 06:58 UTC; report generated Nov 8, 07:00 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.

Terms in this article

  • Price-to-earnings ratio (P/E)

    Share price divided by earnings per share.

    Full definitionLearn more in Index Insight

  • Relative Strength Index (RSI)

    A momentum oscillator, developed by J.

    Full definition

  • Moving average

    The average price over a rolling window, plotted to smooth out noise.

    Full definition

  • MACD

    A trend and momentum indicator calculated as the 12-period exponential moving average minus the 26-period EMA, plotted with a 9-period EMA of that difference as the signal line.

    Full definition

Sources & data

  1. Finnhub (market-data, retrieved Nov 8, 2026, 07:02 AM UTC)
  2. CoinGecko (market-data, retrieved Nov 8, 2026, 07:02 AM UTC)

Market data as of Nov 8, 2026, 06:58 AM UTC.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.

Ask about this story

Questions are answered only from this article and the sources it cites.

MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.

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