Crypto Market Plunges: A Look at Ethereum, Solana, and XRP’s Drop Amidst Recession Fears

The cryptocurrency market experienced a significant downturn Monday, shedding over $200 billion in value within 24 hours. Major tokens like Ethereum (ETH), Solana (SOL), and XRP were hit hard as investors reacted to renewed recession fears and new U.S. tariffs. While the extent of this selloff remains significant, the market’s immediate focus is on assessing its impact on key altcoins.