Crypto majors are very red following a red 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 saw across-the-board declines on Tuesday, with major tokens closing in the red. Bitcoin (BTC) dropped 3%, falling below the $88,200 level; Ethereum (ETH) tumbled 6% to $2,905; Solana (SOL) slipped 2% to $127; XRP also fell 2% to $1.88.
Both Bitcoin and Solana broke below key technical support levels, signaling intensified selling pressure. Investor sentiment has turned cautious, with selling momentum clearly strengthening. However, some tokens bucked the trend, with MYX surging 11% and ZRO rallying 10%, emerging as the day's few bright spots.
Recent market volatility has intensified, and traders should closely monitor whether Bitcoin can reclaim its support levels. Keep a close eye on how macroeconomic factors impact the cryptocurrency market. Experts advise maintaining caution and avoiding reckless buying or selling.
Loading…