Bitcoin and Ether Experience Significant Declines in Asian Trading Hours

Bitcoin and Ether experienced significant declines in Asian trading hours on Tuesday due to profit-taking and outflows from US-listed Bitcoin ETFs, which impacted bullish sentiment. Dogecoin and Solana's SOL led the losses, with both tokens losing as much as 9% in the past 24 hours. The CoinDesk 20 index, a liquid index of the largest tokens, minus stablecoins, is down 4.2%. Analysts warn of generally bearish sentiment, with a loss of nearly 1.5% since the start of the day on Monday making them wary of the near-term performance of altcoins.