Crypto market update: Solana leads losses — Oct 24, 20:00 UTC
Solana recorded the largest 24-hour drop among the four tracked cryptos; trend signals read neutral and CoinDesk ran multiple tokenization and bitcoin headlines.
Where prices stand
Solana fell 2.26% over 24 hours to $101.10 and was the largest mover among the four tracked cryptos; it is up +0.17% over five sessions. Ether fell 2.25% over 24 hours to $2,338.01 and is down -0.58% over five sessions. Bitcoin fell 0.94% over 24 hours to $80,438.00 and is down -0.10% over five sessions. XRP fell 1.06% over 24 hours to $1.2900 and is up +0.05% over five sessions. Prices are as of Oct 24, 19:59 UTC and sourced from CoinGecko.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Bitcoin | $80,438.00 | -0.10% | -0.94% | Oct 24, 19:59 UTC | CoinGecko |
| Ether | $2,338.01 | -0.58% | -2.25% | Oct 24, 19:59 UTC | CoinGecko |
| Solana | $101.10 | +0.17% | -2.26% | Oct 24, 19:59 UTC | CoinGecko |
| XRP | $1.2900 | +0.05% | -1.06% | Oct 24, 19:59 UTC | CoinGecko |
Trend check
Trend signals read neutral across the four names. Bitcoin shows status neutral with RSI(14) 46.0, its close 81328.21 is below the 50-day SMA 81787.49 and above the long SMA 72791.73; Ether shows status neutral with RSI(14) 38.6, its close 2386.48 is below the 50-day SMA 2550.93 and above the long SMA 2154.64. Solana and XRP are neutral as well: Solana's RSI(14) is 39.6 with close 103.54 below the 50-day SMA 109.65 and above the long SMA 88.08, and XRP's RSI(14) is 42.4 with close 1.3343 below the 50-day SMA 1.4129 and above the long SMA 1.2796.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| Bitcoin | 81,328.21 | 81,787.49 | 72,791.73 | 46.0 | neutral |
| Ether | 2,386.48 | 2,550.93 | 2,154.64 | 38.6 | neutral |
| Solana | 103.54 | 109.65 | 88.08 | 39.6 | neutral |
| XRP | 1.3343 | 1.4129 | 1.2796 | 42.4 | neutral |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 23, 22:40 UTC); it is not a recommendation.
In the news
CoinDesk reported a business piece titled "Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends" and a markets story titled "Crypto under weekend pressure, bitcoin slides below $80,000 on U.S. Middle East evacuations." CoinDesk also ran "Why McDonalds, Microsoft and Google saying no to tokenized stocks isn't a dealbreaker" and "Wells Fargo, Cisco, Marvell among latest firms objecting to OKXICE's tokenized stock plan."
- Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends — CoinDesk, Oct 24, 16:00 UTC
- Crypto under weekend pressure, bitcoin slides below $80,000 on U.S. Middle East evacuations — CoinDesk, Oct 24, 15:11 UTC
- Why McDonalds, Microsoft and Google saying no to tokenized stocks isn't a dealbreaker — CoinDesk, Oct 24, 15:00 UTC
- Wells Fargo, Cisco, Marvell among latest firms objecting to OKXICE's tokenized stock plan — CoinDesk, Oct 24, 14:06 UTC
Sources and data
- CoinDesk (secondary source) — Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends
- Finnhub (market data) — market data
- CoinGecko (market data) — market data
Market data as of Oct 24, 19:59 UTC; report generated Oct 24, 20:00 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.
Relative Strength Index (RSI)
A momentum oscillator, developed by J.
Moving average
The average price over a rolling window, plotted to smooth out noise.
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.
Dividend
A cash payment (or occasionally extra shares) a company distributes to shareholders out of its profits.
Sources & data
- CoinDesk (secondary, retrieved Oct 24, 2026, 08:02 PM UTC)
- Finnhub (market-data, retrieved Oct 24, 2026, 08:02 PM UTC)
- CoinGecko (market-data, retrieved Oct 24, 2026, 08:02 PM UTC)
Market data as of Oct 24, 2026, 07:59 PM 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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