Solana (SOL) has slumped 5% as the broader cryptocurrency market is struggling to get back on its feet
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This makes it the bigger laggard among the top altcoins alongside Avalanche (AVAX).
Ethereum (ETH) is down roughly 4%, performing slightly worse than Cardano (ADA).
Bitcoin is also trading in the red today, slipping more than 3%. The top cryptocurrency is failing to regain momentum after recently reclaiming the $45,000 level for the first time in weeks.
The total market capitalization currently stands at $1.83 trillion.