Solana stays skewed to the downside against a backdrop of negative macro backdrop as US CPI looms
Solana sold off strongly on Thursday as the rout in technology equities triggered a risk-off move across financial markets. The deterioration in sentiment spilled over into crypto, with market players reassessing the implications of the Democratic sweep for the US economic prospects.
In this article
In today's Solana price news, Solana sold off strongly on Thursday as the rout in technology equities triggered a risk-off move across financial markets, according to investingLive. The deterioration in sentiment spilled over into crypto, with market players reassessing the implications of the Democratic sweep for the US economic prospects.
Key points
- Tomorrow's US CPI report will be the next big macro catalyst.
- We can see that Solana broke below the big upward trendline on the daily chart.
- A Democratic Congress is forecast to favour greater fiscal restraint and tighter regulation.
- We get the latest US Jobless Claims figures on Thursday.
Solana price: the details
A Democratic Congress is forecast to favour greater fiscal restraint and tighter regulation, limiting investment in AI infrastructure. Tomorrow's US CPI report will be the next big macro catalyst. We can see that Solana broke below the big upward trendline on the daily chart.
We get the latest US Jobless Claims figures on Thursday.
Why traders are watching Solana price
Inflation figures decide how long central banks keep interest rates high. Hotter-than-expected readings usually lift bond yields and the local currency, while softer data raise hopes of rate cuts.
Price data feed straight into central-bank decisions, which makes them some of the most market-moving releases on the calendar for forex, bonds and stocks.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-09 12:10 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 74,480.94 | -1.95% | 76,200.00 | 73,510.00 |
| Ethereum (ETH) | 2,114.60 | -5.64% | 2,246.00 | 2,060.00 |
| Solana (SOL) | 86.26 | -3.88% | 90.01 | 85.02 |
On the currency side, the latest ECB daily reference rates (2026-11-06) show EUR/USD 1.1165, GBP/USD 1.3385, AUD/USD 0.6871, NZD/USD 0.5544, USD/JPY 158.33, USD/CHF 0.8189, USD/CAD 1.4066, USD/CNY 6.6713. These are reference fixes, not live quotes.
What to watch next for Solana price
Next in focus are the coming inflation releases, central-bank reaction to them and changes in market pricing for future rate moves.
Key scheduled releases on the economic calendar:
- USD Core CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.2%, previous 0.3%
- USD CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.3%, previous 0.6%
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read Gold price: Gold futures advanced strongly $81, then gave back $51. Can buyers reclaim $4,115? or see all of today's top market news.
FAQ
What is the latest Solana price news?
Solana sold off strongly on Thursday as the rout in technology equities triggered a risk-off move across financial markets.
Why do inflation numbers move markets?
Inflation data change expectations for central-bank interest rates, and rate expectations drive currencies, bond yields and stock valuations.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
