The cryptocurrency market is experiencing a significant downturn, with major cryptocurrencies like XRP, SOL, and DOGE each losing about 20%. This sell-off has raised concerns among traders about further losses as the markets approach the opening of U.S. trading. The recent volatility is attributed to a mixture of factors including regulatory pressures and market sentiment shifts. Traders are bracing for more pain ahead, reflecting a cautious outlook as they anticipate potential catalysts that could exacerbate the current declines. As market dynamics continue to evolve, investors are advised to stay informed and be prepared for ongoing fluctuations.

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