Bitcoin Down 1.19%, Ethereum Faces Selling Pressure Amid Market Volatility

Cryptocurrency markets displayed varied price movements, with Bitcoin experiencing a decline of 1.19% to $59,249.

Ethereum also faced selling pressure, falling 0.91% to $1,565.80, following the offloading of approximately 550,000 ETH worth nearly $880 million by large holders.

This significant sell-off pushed Ethereum's price towards its support level at $1,560.

In contrast, Solana demonstrated selective strength with a gain of 2.10%.