Leading Altcoins Ethereum (ETH) and Solana (sun) crashed with double -digit numbers on Tuesday. While Ethereum threw 13% of its value, Solana bleed almost 15% in today’s trade. Both crypto courses experience a decline and remain in the red zone for almost a month.
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Soana is down by 47% in the last 30 days while Ethereum dipped over 30% during the same time frame. Investors are afraid that another dip could send prices to new annual lows and wipe out all the profits it generated last year. Sun and ET remain in a slippery slope with little or no price spores for years so far.
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Ethereum & Solana: Here is therefore ETH and Sol dips today
The price crash comes after Bitcoin fell by 5% in today’s trade that dropped below the $ 90,000 mark. BTC is now traded to the $ 89,000 level, which indicates that the markets can support uncertainties. Bitcoin dipped because the wider Cryptocurrency market triggered almost $ 1 billion in liquidations late Monday. The development affected Ethereum and Solana’s award, which caused it to crash double digit on Tuesday.
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If the market continues the decline, Bitcoin can reach a resistance level of $ 86,000 next. This can cause ETH and sun to dip additional extension losses to investors. The Cryptocurrency market dips when the US stock market supports uncertainties during the Trump administration. The White House introduced customs duties in other countries leads to trade imbalances and affects the product, Forex and stock market.
About $ 1 trillion in wealth was wiped out in the US stock market on Friday when Dow Jones dipped 750 points. It was the biggest crash lately that sent fear that the economy could be hindered due to trade war. If the US stock market falls, losses can extend to Bitcoin, Ethereum and Solana, including leading cryptocoirs.
