Bitcoin Selloff Driven by Europe: ETH, ADA, SOL Hold Steady Amid Market Volatility

While Bitcoin experienced its deepest selloff since 2018, analysis of timezone data points to European trading hours as the primary driver. Major altcoins Ethereum (ETH), Cardano (ADA), and Solana (SOL) demonstrated notable resilience, holding their ground amidst the BTC downturn. This divergence suggests a potential shift in market dynamics, with altcoins showing relative strength. The data underscores the significant influence of regional market activity on cryptocurrency price movements and highlights the current stability of key altcoin assets during a period of Bitcoin-specific pressure.