Bitcoin, Ethereum, and Solana Plunge: What’s Driving the Correction?

Crypto markets experienced a dramatic downturn today as Bitcoin, Ethereum, and Solana all witnessed significant price drops. This follows Bitcoin’s recent record-breaking surge past $105,000, raising questions about the market’s direction after a period of growth. Bitcoin fell by 1.7%, settling at $102,414. Meanwhile, Ethereum lost 2.2% to trade at $2,451.82, defying an earlier impressive rally exceeding 36%. The sudden decline is attributed to profit-taking as traders capitalize on recent gains while navigating market volatility.