Crypto majors are deeply in the red following a rough Tuesday across markets; BTC -3% at $88,200; ETH -6% at $2,905, SOL -2% at $127; XRP -2% to $1.88. MYX (+11%) and ZRO (+10%) led top movers. Bitcoin and Solana
The cryptocurrency market faced a broad selloff on Tuesday, with Bitcoin and major tokens taking sharp losses as sentiment turned cautious. Bitcoin broke below key technical support levels, altcoins suffered even steeper declines, and the overall crypto market cap took a significant hit.
Bitcoin (BTC) shed roughly 3% during the session, slipping below the $90,000 level to around $88,200. Ethereum (ETH) led the declines, dropping 6% to $2,905. Solana (SOL) also dipped 2%, falling to $127. Ripple (XRP) wasn't spared either, sliding 2% to $1.88.
Both Bitcoin and Solana broke below critical technical support levels, triggering stop-loss orders and amplifying the selloff. The weakening technical picture dented investor confidence, with expectations that short-term downside tests of support could continue.
Against the broader selloff, MYX and ZRO stood out as bright spots, surging 11% and 10% respectively—rare winners in an otherwise weak market. This reflects selective capital rotation into specific targets despite the overall downturn.
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