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The market downturn impacts cryptocurrencies: DOGE and Solana are the hardest hit.
Introduction The "Altcoin Season" of the rise of altcoins is now gradually fading away. The cryptocurrency market wanders daily between excitement and confusion. But on June 11, the data does not lie: the market plummeted, and the decline of altcoins further widened.
The leading DOGE and Solana have seen a sharp decline, while Bitcoin and Ethereum have shown remarkable resilience. What exactly is maintaining balance in the cryptocurrency world? In short, this Tuesday, altcoins dropped significantly, while Bitcoin and Ethereum demonstrated notable resilience.
Solana, DOGE, and ADA experienced a decline of between 5% and 8% on the day. Despite the adjustments, market sentiment remains optimistic, with a bullish/bearish ratio of 2.12:1. Bitcoin benefits from easing inflation and increasing support from confident institutional investors.