Latin American users have increased their reliance on stablecoins, with dollar-pegged tokens now accounting for a larger share of crypto purchases than Bitcoin. According to Bitso's 2025 crypto adoption report, 40% of purchases on its platform involved U.S.
Solana (SOL) is currently hovering near $84 following a rebound from support at $81.40. The asset managed to reclaim ground above $83.50 and pierced through a descending trend line that had capped price action at $83.45 on the hourly timeframe.
On-chain data shows the Bitcoin spot volume has observed a notable decline, something that could make the market more sensitive to flow shifts. Bitcoin Spot Volume Has Gone Through A Decline Recently As highlighted by on-chain analytics firm Glassnode in an X post, the Bitcoin Spot Volume has declined to multi-year lows.