Crypto News

What caused the drop? The main factor contributing to the drop in Ethereum's price is the overall bearish sentiment in the crypto market. As the largest altcoin, Ethereum often follows the trend set by Bitcoin, which has also experienced a significant correction in its price. Additionally, concerns over regulatory crackdowns and environmental concerns surrounding the energy consumption of cryptocurrency mining have also contributed to the decline in Ethereum's price. Impact on other altcoins As Ethereum is one of the top cryptocurrencies in terms of market capitalization and trading volume, its price drop has had a ripple effect on other altcoins as well. Many altcoins, especially those that are closely tied to Ethereum's ecosystem, have also experienced a decline in their prices. This includes tokens such as Chainlink (LINK), Uniswap (UNI), and Aave (AAVE), which all saw significant drops in their prices following Ethereum's correction...