Ivan Liljeqvist reports Ethereum and Solana face significant downturn
@IvanOnTech: Ethereum and Solana decline
Ivan Liljeqvist, a prominent figure in the cryptocurrency space, noted a substantial decline in the value of major cryptocurrencies this morning.
Ethereum, often considered the second-largest cryptocurrency by market capitalization, has dropped below the $1,400 mark. At the same time, Solana, another well-established player in the crypto market, has seen its price fall below $100. These movements highlight the ongoing volatility in the crypto market as investors and analysts keep a watchful eye on the sector.
The phrase ''Shitters down 97%'' mentioned in Liljeqvist's tweet underscores the perception that less-established cryptocurrencies, often referred to as 'altcoins,' have suffered severe losses. This trend reflects the broader market sentiment as major cryptocurrencies experience downward pressure.
As the situation develops, market participants will be assessing the broader implications for the crypto economy and individual asset valuations.
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In the previous news, tweet author Ivan Liljeqvist discussed rising concerns about potential market downturns amidst uncertain global economic conditions. Details on these concerns continue to evolve and develop.
