Major cryptocurrencies experienced price drops today. Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) saw declines. This downturn happened as Bitcoin dominance rose, suggesting investors may shift to a more cautious crypto approach.
Bitcoin fell below $60,000 again after a period of stability. Ethereum’s price dipped under $3,000. Solana, known for fast transactions, also suffered losses. Rising interest rates and geopolitical tensions created uncertainty, leading some investors to reduce risk like cryptocurrencies. Increased regulation in some regions dampened certain crypto segments’ enthusiasm.
But there are positive signs too. Hong Kong approved new spot Bitcoin and Ethereum ETFs, signaling growing institutional crypto acceptance. Solana’s recent upgrades to address congestion could improve stability and attract renewed investor interest.
