Cryptocurrencies Price Prediction: CZ, Solana & Cryptos – American Wrap 13 March

Binance founder Changpeng Zhao (CZ) denied reports on Thursday that claimed he is seeking an official pardon from President Donald Trump’s administration. This comes after The Wall Street Journal and Bloomberg published reports alleging that President Trump’s family has been exploring a deal with Binance, including a pardon for the company’s founder.

Solana’s price is dipping 5% on Thursday as bears forced another breakdown below the critical $125 support. The timing of the decline coincided with large amounts of SOL being unstaked in preparation for FTX creditor payouts, reinforcing bearish sentiment. 

The crypto market declined during the week to a total capitalisation of $2.5 trillion, a third lower than the peaks in December last year. However, towards the end of the week, we could see attempts to stabilise the market, with a rebound of $2.67 trillion.