#CryptoMarketDip

The cryptocurrency market has experienced a significant downturn today, with major digital assets recording notable losses.

Ethereum (ETH) has declined by approximately 7.79%, currently trading at $3,350.25.

BNB (BNB) has decreased by about 3.88%, with a current price of $696.41.

XRP (XRP) has fallen by 3.31%, now priced at $2.34.

Cardano (ADA) has dropped by 12.57%, trading at $0.987913.

This market-wide decline is largely attributed to stronger-than-expected U.S. economic data, which has dampened the early-year momentum of crypto assets. The positive economic indicators have led to concerns about potential interest rate hikes, traditionally impacting risk assets like cryptocurrencies.

In the past 24 hours, the global crypto market capitalization has decreased by 6.41%, falling from $3.59 trillion to $3.36 trillion, reflecting widespread losses. Additionally, over $622 million worth of crypto positions were liquidated during this period, indicating significant market volatility.