【Thursday's Altcoins Plummet, XRP, Solana, and Dogecoin All Drop Over 5%!】
Recently, the market has been a bit sluggish. On Thursday, many altcoins experienced significant declines, with popular cryptocurrencies like XRP, Solana, and Dogecoin all dropping over 5%, leaving many holders feeling anxious.
Analysts summarized the reasons: mainly, market liquidity has worsened during the summer, leading to less active buying and selling; coupled with rising U.S. Treasury yields, which has made funds more cautious; and the high leverage, with many people borrowing money to trade cryptocurrencies, increasing the risk and resulting in greater selling pressure.
Although altcoins performed poorly, Bitcoin showed relatively stable performance. Despite over $250 million in liquidations occurring each day for five consecutive days, BTC's price remained solid, avoiding a major crash, providing a sense of security to the market.
Overall, the current market is a bit weak, and investors should remain calm, focus on risks, and avoid blindly following trends to sell or chase prices. Staying steady will allow for the next opportunity!
