Crypto Sell-Off Hits ETH, SOL, XRP Hard: Where Could They Find Support Next?
- Ethereum’s steep decline hints at panic-driven selling and margin liquidations.
- Solana’s price dip suggests intense bearish pressure with potential for deeper losses.
- XRP struggles to stabilize, with key support at $1.50 and resistance at $1.85.
Cryptocurrency markets suffered a devastating blow Monday, with over $200 billion in market capitalization vanishing in just 24 hours. The sharp drop sent shockwaves across the altcoin space, hitting major tokens like Ethereum (ETH), Solana (SOL), and XRP hard.
What Triggered the Market Plunge?
This crash is a direct reaction to renewed recession fears, amplified by the rollout of new U.S. tariffs effective April 5th and anticipation of more hitting specific countries April 9th. The macroeconomic pressure triggered panic selling across risk assets.
While a theory exists that overlooked altcoins could rally after such a washout, the immediate focus is on the damage.
How Badly Was Ethereum Hit?
Ethereum’s fall was swift and unforgiving. The price opened around $1,792 but dropped steadily throughout the day. It closed at $1,481.21, marking a 17.37% plunge.
The sell-off hints at panic-driven exits, likely…
The post Crypto Sell-Off Hits ETH, SOL, XRP Hard: Where Could They Find Support Next? appeared first on Coin Edition.
Read More
Crypto Sell-Off Hits ETH, SOL, XRP Hard: Where Could They Find Support Next?
- Ethereum’s steep decline hints at panic-driven selling and margin liquidations.
- Solana’s price dip suggests intense bearish pressure with potential for deeper losses.
- XRP struggles to stabilize, with key support at $1.50 and resistance at $1.85.
Cryptocurrency markets suffered a devastating blow Monday, with over $200 billion in market capitalization vanishing in just 24 hours. The sharp drop sent shockwaves across the altcoin space, hitting major tokens like Ethereum (ETH), Solana (SOL), and XRP hard.
What Triggered the Market Plunge?
This crash is a direct reaction to renewed recession fears, amplified by the rollout of new U.S. tariffs effective April 5th and anticipation of more hitting specific countries April 9th. The macroeconomic pressure triggered panic selling across risk assets.
While a theory exists that overlooked altcoins could rally after such a washout, the immediate focus is on the damage.
How Badly Was Ethereum Hit?
Ethereum’s fall was swift and unforgiving. The price opened around $1,792 but dropped steadily throughout the day. It closed at $1,481.21, marking a 17.37% plunge.
The sell-off hints at panic-driven exits, likely…
The post Crypto Sell-Off Hits ETH, SOL, XRP Hard: Where Could They Find Support Next? appeared first on Coin Edition.
Read More