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 Solan
The cryptocurrency market faced widespread selling pressure on Tuesday, with Bitcoin (BTC) falling below the $88,000 level and Ethereum (ETH) suffering an even steeper decline, signaling a cooling of investor risk appetite.
According to Decrypt, Tuesday's crypto market painted a sea of red:
Bitcoin and Solana both broke below key technical support levels, indicating accelerating market selling pressure. Ethereum took the crown as the worst-performing major coin this week, with a single-day decline of 6%.
Amid the broader selloff, some tokens showed resilience:
The strong performance of these two tokens served as a bright spot in an otherwise黯淡 market.
All told, a red Tuesday swept through the crypto market, with mainstream coins all losing key price levels. Technical weakness points to potential continued downside pressure in the near term.
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