The cryptocurrency market experienced a 1.6% decline over the past 24 hours, with significant losses among major altcoins. Solana (SOL) fell 3.8% to $137, losing its position as the fifth-largest altcoin to USDC. Toncoin (TON) and Cardano (ADA) also saw declines, with TON dropping 2.8% to $1.59 and ADA decreasing 3.2% to $0.4189.
Meme coins were not spared, as Dogecoin (DOGE) and Shiba Inu (SHIB) both suffered losses. DOGE fell 3.8% to below $0.15, while SHIB decreased by 4.5% to $0.000008503. Meanwhile, Bitcoin (BTC) and Ethereum (ETH) each declined approximately 2%, with BTC trading at $90,900 and ETH hovering near the $3,000 mark.
Cryptocurrency Market Declines 1.6% as Major Coins Tumble
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