Ethereum (ETH) and XRP have experienced sharper declines than Bitcoin (BTC) during a recent market downturn, with ETH dropping over 20% and XRP nearly matching that fall. Bitcoin, often considered a market bellwether, showed more resilience in comparison. Analysts attribute Ethereum's decline to post-Merge uncertainties, while XRP's ongoing legal challenges with the SEC have exacerbated its losses.
The broader market sell-off was influenced by macroeconomic factors, including signals from the U.S. Federal Reserve. Additionally, technical indicators and market sentiment have intensified volatility, particularly affecting altcoins with smaller market caps and lower liquidity.
Ethereum and XRP Suffer Steeper Declines Than Bitcoin Amid Market Turmoil
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