Why Bitcoin, Ethereum, and Solana Are Plummeting Today

Another Friday, another sharp bearish turn for leading cryptocurrencies. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Solana's (CRYPTO: SOL) respective tokens were down roughly 5.7%, 6.8%, and 8.9% over the previous 24 hours of trading as of 4:30 p.m. E.T.

After concerns about the impact from the coronavirus omicron variant prompted steep valuation pullbacks for most cryptocurrencies on Black Friday, investors seemed to have digested the risk. Many top cryptocurrencies had been posting strong gains across the last week of trading, but valuations are once again tumbling in today's trading session. 

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Source Fool.com