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Ethereum, Dogecoin Lead Large Cap Losses As Bitcoin Moves Into Bear Market Territory

  • Ethereum and Dogecoin lead the losses among large-cap digital assets as the cryptocurrency market faces a decline.
  • Ethereum's market cap has dropped approximately 7.8% due to investor caution and ongoing bearish sentiments.
  • Dogecoin has experienced steep losses in both value and market cap, reflecting a deep correction of 16.8% in the last seven days.
  • Analysts confirm that Bitcoin has entered bear market territory as it faces decreasing momentum, based on the Elliott Wave Theory.

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