Dogecoin and Solana Lead Double-Digit Losses as Crypto Market Faces Sharp Downturn
The cryptocurrency market has experienced a significant downturn, with major digital assets posting notable losses. Dogecoin (DOGE) and Cardano (ADA) have been among the biggest losers, with DOGE down 12% and ADA dropping 14.7%. Solana (SOL) also saw a decline of 10%, trading at $227, while XRP fell 10.7% to $1.33. Even Bitcoin (BTC) and Ethereum (ETH) were not spared, losing 6.1% and 4.5%, respectively. Overall, the market capitalization of cryptocurrencies has decreased by 5% in the past 24 hours, falling to $3.2 trillion.
Dogecoin saw an increase in network activity, with 60.9 billion tokens transacted within a day and a 41.2% rise in large…
