Ethereum’s value slid by 4% in the last day, dropping to roughly $1,628. This decline emerged as part of a broader market sell-off, which saw the total cryptocurrency market cap decrease by a significant 3.46% to hit $2.12 trillion. The cryptocurrency market, including flagship coin Bitcoin, faced severe selling pressures. Bitcoin’s price tumbled from $64,100 to about $61,049, triggering rapid liquidations worth over $1.1 billion. XRP was not spared, as it slipped below $1.15. The widespread decline was linked to weakened risk appetites and the unwinding of leveraged trades, suggesting short-term market volatility could persist.