Odaily Planet Daily News According to CoinDesk data, XRP, DOGE and Solana's SOL have fallen by about 5% in the past 24 hours, leading the decline of the top ten cryptocurrencies. Since Wednesday's high, XRP and DOGE have fallen by 18%, and SOL has fallen by 12%. In contrast, the price of Bitcoin (BTC) has only fallen by about 3% from its mid-week high of $120,000 to $116,000, and Ethereum (ETH) has fallen by 4%. Coinbase analyst David Duong said in the report that the altcoin market has recently pulled back due to excessive leverage. Coinglass's altcoin season index fell from 59 on Monday to 41 on Friday, but the altcoin market (excluding stablecoins) has nearly doubled its market value since April. Bitcoin's market share fell below the 200-day moving average. If it continues to be below this level, it may trigger altcoins to continue to outperform Bitcoin, similar to the trend in 2021. Duong suggested that investors wait for more closing confirmations to be cautious in their layout. (CoinDesk)