Why Top Cryptocurrencies Bitcoin, Ethereum, and Solana Plunged Today

What happened

Today, three of the five largest cryptocurrencies by market capitalization, Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH) and Solana (CRYPTO:SOL), saw substantial declines, bringing their weekly returns into the red. Over the past 24 hours, these tokens have sunk 5.5%, 7.3%, and 8.3%, respectively, as of 10:30 a.m. ET.

These returns generally paced the overall crypto market, which is unsurprising given that these three tokens account…


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