Solana slipped on Monday, lagging behind Bitcoin which slid over the past week amid renewed investor caution, largely driven by trade tensions and macroeconomic uncertainty.

Solana, the sixth-largest crypto, slid over 10% over the past week to $156, according to CoinGecko.

Solana passed $180 mid-May, part of an upswing in digital assets that occurred when inflation readings arrived milder than expected and trade rhetoric softened. Solana, Dogecoin, and XRP all spiked around this time before sinking.

Dogecoin dropped 14%, while XRP fell 5% during the same period.

Bitcoin, the largest digital asset, lost 4.3% to trade around $105,000.

The declines come as U.S. President Donald Trump re-escalates his trade war against China and other countries, raising the possibility of slowing economic growth and rising prices anew.

The Trump administration's tariff policies have consistently battered markets.

Solana slipped above $180 mid-May, part of an upswing in digital assets that occurred when inflation readings arrived milder than expected and trade rhetoric softened. Dogecoin and XRP also spiked around this time before sinking.

suggest: "There's still a lot of support for crypto in general, and that we have a U.S. government that's embracing crypto across the board," said Strahinja Savic, head of data analytics at crypto advisory FRNT Financial.

"Sentiment in crypto is risk-off," Savic said. "The driver of that has been this macro instability that spills over into crypto. You see these sharp sell-offs and a total reset of risk appetite."

Sluggish lending rates on DeFi platforms and low volume for perpetual futures contracts for Bitcoin and Ethereum, among other metrics, highlight a lack of appetite for a "risky kind of retail-driven trading right now in crypto," he added.

The broader pullback in digital assets over the past week comes amid renewed investor caution, largely driven by trade tensions and macroeconomic uncertainty.

The Trump administration's tariff policies have consistently battered markets.

Solana slipped above $180 mid-May, part of an upswing in digital assets that occurred when inflation readings arrived milder than expected and trade rhetoric softened. Dogecoin and XRP also spiked around this time before sinking.

suggest: "We saw a huge reset in risk appetite. Everyone got super-bullish on crypto. It was almost like a retail-driven kind of trading activity that we saw during the March 2020 Covid selloff," Savic said.

"We saw this huge move in crypto after March 2020, driven mainly by retail traders in the U.S. We saw a similar move this year, which started in December 2022 with a sharp sell-off in equities and a reset in risk appetite."

But while Bitcoin's dominance has risen to about 65% and is up more than 10% year-to-date, Savic said, "there's still a lot of support for crypto in general, and that we have a U.S. government that's embracing crypto across the board."

Bitcoin is often viewed as a hedge against inflation and macroeconomic uncertainty, while Solana is known for its high throughput and low transaction fees, making it popular for DeFi applications.

Dogecoin, a cryptocurrency created as a joke in 2013, has gained a strong following in recent years, particularly on social media.

Its price movements have been volatile, and it has been the subject of several pump-and-dump schemes.

Recently, Dogecoin has been targeted by scammers who create fake cryptocurrency exchanges and steal users' funds.

In May, Solana passed $180 as part of an upswing in digital assets that occurred when inflation readings arrived milder than expected and trade rhetoric softened. Dogecoin and XRP also spiked around this time before sinking.

suggest: "We saw a huge reset in risk appetite. Everyone got super-bullish on crypto. It was almost like a retail-driven kind of trading activity that we saw during the March 2020 Covid selloff," said Strahinja Savic, head of data analytics at crypto advisory FRNT Financial.

"Sentiment in crypto is risk-off," Savic said. "The driver of that has been this macro instability that spills over into crypto. You see these sharp sell-offs and a total reset of risk appetite."

Sluggish lending rates on DeFi platforms and low volume for perpetual futures contracts for Bitcoin and Ethereum, among other metrics, highlight a lack of appetite for a "risky kind of retail-driven trading right now in crypto," he added.

The broader pullback in digital assets over the past week comes amid renewed investor caution, largely driven by trade tensions and macroeconomic uncertainty.

The Trump administration's tariff policies have consistently battered markets.

Solana slipped above $180 mid