Crypto Market Turmoil: Bitcoin, Ethereum, and Solana Take a Hit

Bitcoin Correction Continues – Ethereum and Solana Suffer

The cryptocurrency market is experiencing a downturn as Bitcoin, Ethereum, and Solana continue to face significant losses. According to BTC-ECHO | Bitcoin & Blockchain since 2014 (https://www.btc-echo.de/schlagzeilen/95-000-us-dollar-bitcoin-korrektur-geht-weiter-198163/), Bitcoin has not recovered from its correction over the weekend and is down ten percent on a weekly basis, currently trading at $25,400. The total market capitalization of this leading cryptocurrency stands at $1.88 trillion, maintaining its position among the top ten most valuable assets globally.

Ethereum and Solana are also seeing declines with respective losses of 17% and 18%. This downward trend in prices can be attributed to recent statements by the US Federal Reserve regarding interest rate hikes. Investors remain cautious as only 62% of all Bitcoin investors are still profitable after this correction compared to previous weeks where profitability was higher.

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Analysis: Is the Crypto Market Shake-Out Over?

An analysis provided by BitcoinBude (https://bitcoin-bude.de/bitcoin-btc-und-ethereum-eth-analyse-kw52-1) suggests that while current trends align with primary expectations for both Bitcoin (BTC) and Ethereum (ETH), it remains uncertain if further corrections will occur or if we have reached stability post-shake-out. Members gain access to exclusive insights into potential shifts in probabilities which could impact future price movements significantly.

Cryptocurrency Prices Drop Across Major Coins

A report from finanzen.net highlights how various cryptocurrencies, including Litecoin, experienced fluctuations throughout Monday afternoon's trading session (https://www.finanzen.net/nachricht/devisen/krypto-marktbericht-bitcoin-ripple-bitcoin-cash-und-ethereum-am-nachmittag). As per their data collected around 5:10 PM local time, notable changes include:

Bitcoin fell -2.13%, reaching approximately $23k USD following earlier trades near ~$25k levels just one day prior;
Litecoin showed slight gains rising +0.07%, closing above the ~99 dollars mark despite broader negative sentiment surrounding other digital currencies such as Ripple (-2.46%) and Cardano (-1.80%).

Cryptocurrencies Face Afternoon Declines Amidst Volatility Concerns

The latest updates shared via another article published through Finanzen.Net emphasize ongoing volatility within crypto markets during late-day transactions involving prominent tokens like Ethereum alongside others mentioned previously (https://www.financenet/news/currency-market-report-how-prices-of-Bitcoins-Ripples-and-more-move-in-the-afternoon). Despite minor upticks observed across select altcoins, e.g., Dash (+1.13%), overall investor confidence appears shaken given persistent uncertainties tied back towards macroeconomic factors influencing global financial landscapes today more than ever before!

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Article Summary

The cryptocurrency market is experiencing a downturn with Bitcoin, Ethereum, and Solana facing significant losses due to concerns over US Federal Reserve interest rate hikes; while some altcoins show minor gains, overall investor confidence remains shaken amidst ongoing volatility.

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