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BITCOIN FALLS TO $60K, ETHEREUM AND XRP FOLLOW
#CryptoMarketTrend #Bitcoin #Ethereum #solana
$XRP $SOL $DOGE
Crypto Market Downturn: Bitcoin Hits $60K, Ethereum and XRP Follow
Bitcoin (BTC) led a sharp decline in the crypto market, dropping to $60,512, down 1.46% in 24 hours. The fall was fueled by $89.73 million in ETF outflows, affecting overall market sentiment.
Ethereum and Whale Activity
Ethereum (ETH) dropped 3.27% to $2,604, driven by significant whale dumps to major exchanges. Its market cap now stands at $313.1 billion.
Solana and ETF Speculation
Solana (SOL) fell 3% to $154.20 amid speculation over a potential U.S. Solana ETF, though regulatory hurdles remain.
XRP and Market Sentiment
XRP declined 4.09% to $0.5912, with heavy whale activity contributing to the bearish outlook.
Other Cryptos
Dogecoin (DOGE) and Shiba Inu (SHIB) also saw drops of 2.01% and 0.97%, respectively.
Conclusion
The market's sharp downturn, led by Bitcoin, reflects ongoing volatility and the impact of whale activity and ETF outflows on major cryptocurrencies.