The post Bitcoin Just Dropped 5%: Why Crypto Market is Down Today? appeared on BitcoinEthereumNews.com.

The post Bitcoin Just Dropped 5%: Why Crypto Market is Down Today? appeared first on Coinpedia Fintech News Bitcoin is at $68,807, down 5.19% today. Ethereum is at $2,005, barely clinging to the $2,000 level that traders treat as psychological bedrock, down 5.46%. Solana has dropped 6.47%, one of the worst performances among major coins today. XRP is down 4.50%.  The total crypto market is sitting at $2.36 trillion, down 3.58% since yesterday. That sounds manageable until you do the arithmetic. That is roughly $87 billion gone in 24 hours. Altcoins Are Getting Hit Hardest When Bitcoin falls, altcoins do not just fall alongside it. They fall faster, further, and with less mercy. That is exactly what is happening today. Solana is the clearest example, down 6.47% and underperforming Bitcoin by over a full percentage point. Ethereum, often treated as the safer non-Bitcoin option, dropped 5.46%. Cardano and Dogecoin are both sitting close to 4.70% and 4.66% losses respectively. Even BNB, which tends to hold up during sell-offs, lost 3.77%. This is a well-worn pattern. Bitcoin leads the market in both directions. When confidence is high, altcoins ride the wave and often outperform. When fear takes over, money flows back to Bitcoin first, then out of crypto entirely. Everything else gets sold harder and faster. Why It Is Happening The trigger was the U.S. jobs report released this morning. The American economy lost 92,000 jobs in February. Unemployment rose to 4.4%, above the 4.3% analysts had expected. At the same time wages are still rising 0.4% and oil is sitting at $87 a barrel due to Middle East tensions. That combination is the worst possible scenario for risk assets. The Federal Reserve cannot cut interest rates to help the economy because inflation is still running hot. It cannot raise them…

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Filed under: News - @ March 6, 2026 6:25 pm