Altcoins Slide as DOGE, SOL, and XRP Experience Significant Losses
Altcoins experienced significant declines on Tuesday as traders anticipated key economic events, including a Federal Reserve interest rate decision.
- XRP, SOL, and ADA fell over 3% in the past 24 hours
- DOGE, AVAX, and SUI dropped more than 5%
- XRP and SOL are down approximately 13% over the past week
- DOGE declined about 18% during the same period
- Bitcoin is trading flat at $117,312
- Traders are under pressure due to leveraged bets and upcoming economic data
- The U.S. Federal Reserve is expected to keep rates unchanged
- Attention is on Friday's U.S. nonfarm payrolls report and tariff deadlines
- U.S. stocks have lost earlier gains, with both the Nasdaq and S&P 500 lower