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 both broke below key technical support levels.
The cryptocurrency market faced broad selling pressure on Tuesday, with all major tokens declining as Bitcoin and Solana both broke below critical technical support levels.
Bitcoin (BTC) shed 3% to $88,200, Ethereum (ETH) tumbled 6% to $2,905, Solana (SOL) slipped 2% to $127, while XRP also dipped 2% to $1.88. Rising selling sentiment tightened market liquidity across the board.
Against the widespread decline, MYX surged 11% and ZRO rallied 10%, emerging as the day's top performers. Analysts note that technical analysis shows both Bitcoin and Solana have broken key support levels, warranting close monitoring of follow-through price action.
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