The rate of decline in Bitcoin and altcoins has increased.

Bitcoin and other major cryptocurrencies are experiencing significant weakness recently. Among the top 100 cryptocurrencies, 75 are trading below their 50-day and 200-day simple moving averages. This situation negatively affects the market's risk perception.

In particular, major cryptocurrencies like Ethereum and Solana are staying below these key averages, shaking investors' confidence. Only eight cryptocurrencies are considered oversold, indicating that the remaining ones have the potential for further decline.