Overnight, the cryptocurrency market went negative, and strong pessimistic sentiment is now there.
In the previous day, Ethereum plunged more than 3% while Bitcoin dropped by around 2%. At the time of writing, BTC is worth $19,107 and ETH is at $1,286. The market for crypto altcoins as a whole is, however, experiencing a severe slump.
In the past 24 hours, Ripple's XRP has broken from its strong surge and fallen close to 7%. Cardano and Solana, on the other hand, persisted in their descent. Cardano dropped by 6%, while Solana dropped about 4%. Chainlink is in trouble despite having solid fundamentals because of negative macroeconomic circumstances. It has dropped 4% more in the previous 24 hours to trade at $7.22.
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