All large cryptocurrencies were down during U.S. morning trading on Tuesday, with Cardano leading losses as it shed 3.43% to 36 cents. Avalanche declined 3.33% to $11.92, and Ethereum fell 2.41% to $2,914.46. The move reflects a broad pullback across the crypto market as investors reassess risk and market sentiment in early trading.
The downturn underscores a cautious mood among traders as digital assets retreat from recent volatility, with several top tokens sliding in tandem. Market participants are weighing macro factors and shifting risk appetites, which continue to influence price action across the sector.
Analysts note that such declines often follow periods of renewed uncertainty, with traders seeking safer positions or waiting for clearer catalysts before committing capital. While the pace of losses varies by asset, the overarching trend points to a softer tone for risk assets as markets digest evolving conditions.
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