Crypto majors experienced a significant decline, with Solana (SOL) falling 14% and other cryptocurrencies such as dogecoin (DOGE), xrp (XRP), and ether (ETH) also seeing losses. Bitcoin dropped below $92,000 for the first time since November, potentially signaling a downside break of the consolidation range between $90,000 and $110,000. The overall market capitalization fell 6.6%, and the CoinDesk 20 (CD20) index dropped over 7%. Traders believe the bearish sentiment may be exaggerated and that macroeconomic decisions could support market growth. Factors such as inflation concerns and weak economic data could influence the market, with investors viewing cryptocurrencies as a hedge against inflation.



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