Ethereum

Solana

Green

Dogecoin

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<p>Solana (SOL) has emerged as the only major cryptocurrency to record gains in the top 10 by market capitalization.&nbsp;</p>
<p>Over the past 24 hours, SOL has seen an increase of 6.8%, with its price reaching $177.31, according to CoinGecko <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">data</a>.&nbsp;</p>
<p>This comes at a time when the wider digital currency market is experiencing significant losses, with major coins like Bitcoin and Ethereum in the red.</p>
<h2 id="why-is-the-crypto-market-down">Why is the crypto market down?</h2>
<p>The cryptocurrency market is currently facing a downturn, with all major cryptocurrencies trading in the red. Bitcoin, the leading digital currency, has seen a decrease of 7% over the last 24 hours.&nbsp;</p>
<p>Similarly, Ethereum and XRP have also experienced drops of approximately 7%, while Dogecoin has become the worst-performing cryptocurrency among the top 10, losing 9.5% of its value.&nbsp;</p>
<p>This widespread decline in value can be traced back to significant movements of funds to Binance, one of the world's largest cryptocurrency exchanges.&nbsp;</p>
<p>According to <a href="https://twitter.com/lookonchain/status/1768509208750965222" rel="noopener noreferrer nofollow">Lookonchain</a>, a notable transaction involving the movement of 4,637 BTC (valued at approximately $329 million) to a Binance hot wallet was observed earlier today. This transaction mirrors a similar movement that occurred during a Bitcoin price drop on March 5, contributing to the market's current volatility.</p>
<h2 id="more-than-661-million-liquidated">More than $661 million liquidated</h2>
<p>The recent drop in cryptocurrency prices has led to significant market liquidations. In the last 24 hours alone, more than $661 million worth of cryptocurrencies have been liquidated, according to CoinGlass data. &nbsp;</p>
<p>This includes a disproportionate amount of long positions, amounting to $525.86 million. This shows that many traders who were betting on price increases were caught off guard.&nbsp;</p>

Solana (SOL) in Green as Crypto Prices Collapse

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