After quite a few days of promising upticks, the crypto market witnessed major corrections as several top coins tumbled.
Firstly, AMBCrypto examined the king of cryptos’ performance. As per CoinMarketCap, after a comfortable rise, BTC witnessed a correction in the last 24 hours as its value plummeted by more than 5%.data
However, the Money Flow Index gave hope of a trend reversal as it registered a slight uptick. This might allow BTC to retest $61.6k this week.Next, AMBCrypto planned to assess the state of top altcoins, beginning with Ethereum. ETH’s last 24 hours were worse than BTC’s, as the token’s price plunged by over 7%.
If the selling pressure pushes ETH down further, then the token might drop to $2.28k this week. The chances of that happening seemed likely as both the CMF and MFI registered downticks.Solana bears also dominated the market in the last 24 hours as the token’s value dropped by more than 4%. At press time, it was trading at $146.99 with a market cap of over $68 billion.
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