Why Bitcoin, Ethereum, and Solana Are Plummeting Today

What happened

Another Friday, another sharp bearish turn for leading cryptocurrencies. Bitcoin ( BTC -5.56% ), Ethereum ( ETH -6.83% ), and Solana‘s ( SOL -9.88% ) respective tokens were down roughly 5.7%, 6.8%, and 8.9% over the previous 24 hours of trading as of 4:30 p.m. E.T.

After concerns about the impact from the coronavirus omicron variant prompted steep valuation pullbacks for most cryptocurrencies on Black Friday, investors seemed to have digested the risk. Many top…

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