Crypto Market Drops Sharply: Bitcoin, Ethereum, and XRP Decline

A significant downturn has hit the cryptocurrency market over the past 24 hours. Leading cryptocurrencies like Bitcoin, Ethereum, and XRP experienced notable losses, leading to a broad decline in prices. Bitcoin fell by 0.8 percent, closing below $108,000 for the first time in weeks. Meanwhile, Ethereum shed 0.3 percent, reaching around $2,561. The recent upward momentum has been reversed as trading volume and market excitement dwindled.