Cryptocurrency Markets Plunge in Overnight Sell-Off

Crypto markets took a hit on Wednesday evening, with all major coins experiencing significant losses.

The sell-off was widespread, with no clear catalyst for the downturn. XRP led the declines, plummeting 9.79% to $1.28, followed closely by Cardano, which dropped 6.63% to $0.19.

Ethereum and Solana also suffered substantial losses, falling 4.75% to $2,395.68 and 5.62% to $96.74 respectively. Dogecoin was not spared either, plummeting 4.64% to $0.08.

Bitcoin, the largest cryptocurrency by market capitalization, also declined, dropping 3.40% to $75,525.63. The losses were substantial across the board, with no clear safe haven in sight.