Cryptocurrency Market Update: Bitcoin, Ethereum, and Solana Prices in Decline
The cryptocurrency market is once again experiencing a downturn as Bitcoin, Ethereum, and Solana prices take a hit. After a strong rebound, Bitcoin is trading lower, with Ethereum dipping below $3,000 and Solana facing a major slump.
Bitcoin, which failed to break above the $70,000 level, is currently down 14.2% from its all-time high. The support around $60,300 is holding for now, but a breakdown below this level could signal further bearish movement.
Ethereum, closely correlated to Bitcoin, fell below $3,000 but found support around $2,980. The current price is at $3,059, with a potential drop to $2,500 if sellers overpower the demand zone.
Solana, another leading crypto asset, is in an intense downtrend with a price decline of almost 35% from its yearly peak. The key level to watch is $129, with a potential retest of $105 if it breaks down.
Overall, the cryptocurrency market is facing bearish sentiment, with Bitcoin, Ethereum, and Solana prices showing signs of weakness. Stay updated on the latest tech updates by joining our WhatsApp and Telegram community.
