Sharp decline in the digital currency market The digital currency market faced a strong wave of selling pressure and the price of the major currencies dropped drastically in a short period of time. During this fall, Bitcoin dropped below $78,500 and Ethereum dropped below $2,250. At the same time, the price of Solana reached below $96 and Ripple reached below $1.25. According to initial reports, in just 30 minutes more than 600 million dollars were eliminated from long trading positions (buying) in the digital currency market.