Filecoin (FIL) Price Drops 2% Amid Broader Crypto Market Decline

The price of Filecoin (FIL) has decreased by approximately 2% in the last 24 hours, aligning with a broader downturn across the cryptocurrency market. Major digital assets like Bitcoin and Ethereum have also seen losses, contributing to a weakening overall market sentiment. This movement highlights the continued correlation between altcoins like FIL and the performance of leading cryptocurrencies. Market analysts point to shifting investor risk appetite and macroeconomic factors as potential drivers behind the current crypto market weakness. Traders are closely monitoring key support levels for FIL as the market seeks stability.