The crypto market is having a rough week, with all of the top 50 cryptocurrencies barring stablecoins posting overnight losses.
Of the top 10 cryptocurrencies by market cap, Dogecoin (DOGE) and Cardano (ADA) have taken the biggest hits, while Solana (SOL) and XRP have also dropped by double digits in the past 24 hours, according to data from CoinGecko.
Over the past day, Dogecoin fell 12% to $0.37 while Cardano dropped 14.7% to $0.90. Solana dropped 10% to $227, while XRP dipped by 10.7% to $1.33.
Bitcoin (BTC) wasn’t spared either, dropping 6.1% to $92,362, while Ethereum eased down 4.5% to $3,324.
“The market had become extremely overbought since the election with excessive leverage, making a pause inevitable,” QCP Capital said in its…
Jan 11 2025
