Solana and Cardano experienced a 5% decline in value, mirroring broader cryptocurrency market uncertainties influenced by bitcoin Bitcoin’s volatility.The highly traded tokens represent a 2.86% drop as market participants react to potential large-scale Bitcoin sales.Grayscale’s GBTC Bitcoin ETF linked activities contribute to the market’s unease, with over $400 million in Bitcoin moved, indicating possible sales.In the latest developments within the cryptocurrency sector, major digital currencies such as Solana and Cardano have witnessed a significant drop in value, each plunging by 5%. This trend aligns with the broader market downturn, which tracks the liquidity of the top traded tokens. The liquid index recorded a decline of 2.86% over the last day. This downward trend is primarily driven by the apprehensions surrounding the ongoing sale of Bitcoin, the premier cryptocurrency.The anticipation of further price drops in Bitcoin exacerbates the market’s nervousness. This sentiment has led investors to reduce their holdings in the cryptocurrency space, preparing for a potential decline in prices across the board. Bitcoin, notably the most influential player in the crypto market, lost its grip on the $41,000 support level early this week. Market analysts project a possible decrease to around $38,000 in the coming weeks, which could amplify the losses in other cryptocurrencies.Read full article at CryptoTale.

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