Crypto Prices Plunge: What’s Driving the Drop?
TL;DR
- The cryptocurrency market has slipped again, with nine of the top ten coins trading in negative territory over the last 24 hours.
- Bitcoin fell to $108,762 and Ethereum to $3,882, while Solana and BNB led losses with drops of over 5%.
- U.S. spot ETFs for Bitcoin and Ethereum posted massive outflows, adding pressure to already fragile sentiment. Despite fear rising, long-term market fundamentals remain intact.
Global cryptocurrency markets are navigating fresh turbulence as prices continue to slide across major assets. According to the latest data, the total market cap now sits at $3.83 trillion, a 2.2% decline in just one day. Trading volume rose to $237.1 billion, yet the flow of money has not been enough to reverse the…
