Specific Factors of the Crypto Market
Mass Liquidations: In a single day, more than $1 billion in cryptocurrency positions were liquidated, exacerbating the price decline.
Asset Sales by Major Players: Firms such as Jump Crypto have sold hundreds of millions of dollars worth of assets, contributing to selling pressure in the market1.
Impact on Major Cryptocurrencies
Bitcoin (BTC): Has fallen more than 10% in the past few days, reaching levels not seen since February.
Ethereum (ETH): Has lost more than 20% of its value, falling back to prices from December of last year.
Solana (SOL): Has been one of the hardest hit cryptocurrencies, down 30.6% since the end of July.
Future Outlook
Although the current situation is challenging, some analysts believe the market could recover as macroeconomic factors stabilize and investor confidence is restored4. However, it is crucial to keep an eye on global trends and the decisions of major market players. $SOL
