The cryptocurrency market has experienced a period of significant volatility, marked by mass liquidations of positions worth over $1 billion and a significant decline in the prices of leading digital assets. Bitcoin (BTC), a key market indicator, lost 6.68% of its value, consolidating in the negative zone.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, showed an even sharper decline, falling by 11.13%. Other popular cryptocurrencies followed the leaders: Solana (SOL) lost 10.25%, and BNB – 7.59%.
Meme cryptocurrencies were hit especially hard. Dogecoin (DOGE), the most famous of this category, collapsed by 19.17%. Analysts also recorded a decrease in the Cardano (ADA) rate by 14.8%. Smaller tokens by market cap, such as Chainlink (LINK) and Avalanche (AVAX), also saw significant declines, down 18.18% and 15.58%, respectively. XRP ended the day down 9.95%.
Read the original article – https://cryptonews.net/ru/news/analytics/30254946/.
