Solana slips as Fed hike bets rise: could $90 become the next battleground?

Solana (SOL) has traded within a narrow range recently, with buyers defending the psychologically important $100 level ahead of the Federal Reserve's interest-rate decision. The broader economic backdrop remains challenging for cryptocurrencies, as US inflation is still nearly two percentage points above the central bank's target. Although macroeconomic uncertainty has stalled the wider crypto rally, rising activity on the Solana network could be signaling a significant price move. Fed rate-hike expectations pressure crypto market The probability of a September interest-rate increase has risen to 70% from a recent low of 50%, according to CME Group's FedWatch tool. Higher interest rates typically weigh on cryptocurrencies by tightening financial conditions and increasing the appeal of yield-bearing traditional assets.