BTC - Why Bitcoin Ethereum and Solana Are Falling Today
After rising over the weekend, the crypto sector relinquished those gains as volatility and a lack of direction linger in the market.
Over the last 24 hours, the price of the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC) , had declined by 6% as of 9:30 a.m. ET today. The price of the world's second-largest cryptocurrency, Ethereum (CRYPTO: ETH) , traded more than 8% lower, while the price of Solana (CRYPTO: SOL) had fallen more than 12%.
Yesterday, analysts warned that they didn't see the price of Bitcoin reaching a bottom that day and that more selling could be ahead, which seems to have gotten the attention of the market today. The price of Bitcoin hovered around $29,625 as of this writing.
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Why Bitcoin, Ethereum, and Solana Are Falling Today