Alts return to red, can the altcoin market sustain again?

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Yesterday's brief recovery was interrupted as the altcoin market declined once more. Ethereum fell below $3,500, dipping to $3,350 after a daily drop of 3.5%. XRP faced resistance at $2.4 and has now fallen to $2.24.

The daily declines for SOL, DOGE, ADA, AVAX, LINK, SHIB, XLM, DOT, HBAR, APT, ICP, AAVE, and CRO are even more severe, with APT dropping as much as 11%.

The total cryptocurrency market cap fell by another $100 billion in a day, with CG data showing it dropped to $3.46 trillion.

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