Macroeconomic uncertainty and the unwinding of leveraged positions are driving heavy losses across the altcoin market. While Bitcoin and Ether show relative resilience, altcoins like DOGE, SOL, and XRP are suffering significant declines.
The Federal Reserve's interest rate decision and upcoming economic data releases are adding to the market jitters. Over the past 24 hours, XRP, SOL, and ADA fell over 3%, while DOGE, AVAX, and SUI dropped more than 5%. This sell-off extends a broader trend, with XRP and SOL down approximately 13% and DOGE down roughly 18% over the past week.
The overall market volatility is impacting both crypto and equity markets, with U.S. stocks also experiencing losses.
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