Bitcoin (BTC) Price Weakness Drags Down Ethereum (ETH), Solana (SOL), Cardano (ADA) Despite Stock Market Rally

Major cryptocurrencies, including Ethereum (ETH), Solana (SOL), and Cardano (ADA), experienced significant price declines as Bitcoin (BTC) continued to show weakness. This downturn occurred even amid a record-breaking jump in traditional stock markets, highlighting a decoupling from equities. Analysts point to persistent selling pressure on Bitcoin as the primary catalyst, causing a broad bearish sentiment across the altcoin market. The slump underscores the ongoing volatility and sensitivity of the crypto sector to BTC's price movements, independent of positive signals from other financial markets. Traders are closely monitoring key support levels for these major altcoins as the market seeks a new direction.