Ether (ETH), XRP, and Solana (SOL) Prices Slide as Crypto Market Retreats Despite Asian Stock Rally

The cryptocurrency market experienced a broad retreat on Wednesday, with major altcoins like Ether (ETH), XRP, and Solana (SOL) posting significant losses. This downturn occurred despite a concurrent rally in Asian stock markets, which were lifted by strong performances in the technology sector. The divergence highlights the ongoing decoupling of crypto assets from traditional equity markets. Analysts point to profit-taking after recent gains and renewed regulatory concerns as key factors driving the sell-off. Bitcoin (BTC) also faced downward pressure, contributing to a decline in the overall total market capitalization. Traders are now closely watching key support levels for ETH, XRP, and SOL to gauge the potential for further losses or a near-term rebound in the volatile crypto space.