Bitcoin Reaches $66,000 as Ethereum and Solana Face Recovery Challenges

Market Decline: Solana, Ethereum, and Binance Coin experienced significant losses, with Solana dropping 10% and both Ethereum and Binance Coin declining around 6.9% in the last 24 hours. Bitcoin's price also fell by 5.3%, trading around $66,439.

Liquidity Trends: Liquidity in the cryptocurrency market reached $2.5 billion, with Bitcoin accounting for more than half of that value. The overall cryptocurrency market cap slid 3.9% to $2.35 trillion.

Retail Sentiment: Retail sentiment around Ethereum improved to 'neutral' from 'bearish', while sentiment for Solana and Binance Coin moved in the opposite direction, indicating mixed trader confidence.

Market Analysis: Analysts suggest that the recent sell-off may have led some traders to liquidate equities to cover losses or raise cash for cryptocurrency positions, reflecting a broader risk appetite shift in the market.