Sonic (prev. FTM) ($S) Crypto Forecast: Down 6.2% Today

What is Sonic (prev. FTM)?

Asset S is a cryptocurrency token that has gained popularity for its innovative blockchain technology and unique features. It has been one of the top performers in the market recently.

Why is Sonic (prev. FTM) going down?

S crypto is down 6.2% on Jan 13, 2025 19:13

• The bearish movement of S today is likely linked to the overall downturn in the cryptocurrency market. The extended losses in the market due to macroeconomic uncertainty have probably impacted investor sentiment towards S.
• The news of Mango Markets shutting down after SEC settlement and legal troubles may have contributed to the negative sentiment surrounding cryptocurrencies, leading to a further decline in S's price.
• While the cryptocurrency market is experiencing a downturn, it is worth noting that Coinshares reported modest net inflows for digital assets, with gains for BTC, XRP, and SOL but losses for ETH. This divergence in performance among different cryptocurrencies could have also had an impact on the bearish movement of S.
• The recent acquisition of Helio by MoonPay for $175M to enhance blockchain payments is a positive development for the blockchain industry, although it may not have directly influenced the price of S today.

S Price Chart

S Technical Analysis

S News

Bessent to Divest Hedge Fund Assets if Confirmed as Treasury Head

Bessent to Divest Hedge Fund Assets if Confirmed as Treasury Head

https://news.shib.io/2025/01/13/bessent-to-divest-hedge-fund-assets-if-confirmed-as-treasury-head/?utm_source=rss&utm_medium=rss&utm_campaign=bessent-to-divest-hedge-fund-assets-if-confirmed-as-treasury-head

Cryptocurrency Market Losses Extend Into Second Week Amid Macroeconomic Uncertainty

Cryptocurrency Market Losses Extend Into Second Week Amid Macroeconomic Uncertainty

https://thedefiant.io/news/markets/cryptocurrency-market-losses-extend-into-second-week-amid-macroeconomic-uncertainty

Mango Markets Shuts Down After SEC Settlement and Legal Troubles

Mango Markets Shuts Down After SEC Settlement and Legal Troubles

https://news.shib.io/2025/01/13/mango-markets-shuts-down-after-sec-settlement-and-legal-troubles/?utm_source=rss&utm_medium=rss&utm_campaign=mango-markets-shuts-down-after-sec-settlement-and-legal-troubles

Coinshares: Modest Net Inflows for Digital Assets With Gains for BTC, XRP, SOL and Losses for ETH

Coinshares: Modest Net Inflows for Digital Assets With Gains for BTC, XRP, SOL and Losses for ETH

https://news.bitcoin.com/coinshares-modest-net-inflows-for-digital-assets-with-gains-for-btc-xrp-sol-and-losses-for-eth/

MoonPay Acquires Helio for $175M, Aiming to Enhance Blockchain Payments

MoonPay Acquires Helio for $175M, Aiming to Enhance Blockchain Payments

https://crypto-economy.com/moonpay-acquires-helio-for-175m-aiming-to-enhance-blockchain-payments/

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Sonic (prev. FTM) Price History

13.00.2025 - S Crypto was down 6.2%

• The bearish movement of S today is likely linked to the overall downturn in the cryptocurrency market. The extended losses in the market due to macroeconomic uncertainty have probably impacted investor sentiment towards S.
• The news of Mango Markets shutting down after SEC settlement and legal troubles may have contributed to the negative sentiment surrounding cryptocurrencies, leading to a further decline in S's price.
• While the cryptocurrency market is experiencing a downturn, it is worth noting that Coinshares reported modest net inflows for digital assets, with gains for BTC, XRP, and SOL but losses for ETH. This divergence in performance among different cryptocurrencies could have also had an impact on the bearish movement of S.
• The recent acquisition of Helio by MoonPay for $175M to enhance blockchain payments is a positive development for the blockchain industry, although it may not have directly influenced the price of S today.