The MAG7 index fell sharply while ETH and ADA led the crash.

The cryptocurrency market continues to face selling pressure as major coins collectively drop sharply over the past 24 hours.

🔹 The industry index plummets

The ssiMAG7 index recorded a decrease of 3.12% over the past 24 hours.

The actual chart shows that this index has dropped to the area of 17.79 points, confirming a negative adjustment trend.

🔸 The performance of the constituent coins is all in the red.

$ETH dropped sharply by 4.25%, losing an important support level.

$ADA also fell the most in the group with a decrease of 4.51%.

$SOL is not outside the trend, dropping by 3.84%.

Will the MAG7 index continue to fall sharply this week or will there be a surprising reversal?

This article is for reference only and is not investment advice. Please read and consider carefully before making any decisions.