Cryptos Dive Across the Board as Selling Pressure Weighs on Markets

Crypto markets opened on a cautious note, with most major digital assets trading lower due to selling pressure. Bitcoin dipped below $78,000, falling 0.52% to $77,883.86 and setting a subdued tone for the market.

Ethereum was also down, posting a modest decline of 0.18% to $2,463.43. BNB and Solana fell 0.78% and 0.51%, respectively, with XRP and Dogecoin experiencing significant losses of 1.21% and 1.11%. Avalanche also struggled, falling 0.76% to $7.74.

However, Cardano bucked the trend, incurring a slight gain of 0.39% to $0.21. The overall market sentiment was cautious, with losses ranging from marginal to over 1% for several coins.