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Solana, Cardano, Ripple Follow Bitcoin’s Drop: Experts Explain Why Crypto Is Down Today

The cryptocurrency market is experiencing a correction on Wednesday, coinciding with the release of the Federal Open Market Committee (FOMC) meeting minutes. What Happened: Recent data from CoinMarketCap shows a 1.28% decrease in the total crypto market capitalization over the last day. CoinGlass data shows total liquidations of $272.56 million over the past 24 hours, with 97,717 traders getting liquidated: Among altcoins, Cardano (CRYPTO: ADA), Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP) are each down approximately 4%. Chainlink (CRYPTO: LINK) is down 2%. According to the latest CoinShares rep…