Crypto Plummets: Hedera Drops 9%, Dogecoin and Stellar Take a Hit

The cryptocurrency market experienced a significant downturn yesterday, with major players like Hedera (HBAR), Dogecoin (DOGE), and Stellar (XLM) all facing steep declines. A combination of heavy selling pressure and weak recovery signals contributed to this selloff. 24-hour trading volumes surged as investors reacted to the price drops. Despite increased market activity, the overall momentum remained bearish, suggesting continued downside risk for major tokens in the near term.