Coinbase analyst David Duong said: "Expect market crypto market investors to continue to be cautious about their risk exposure in the coming weeks, with ETH and SOL currently showing higher beta values at around 0.85 and 0.83 respectively, making them more sensitive to the overall crypto market."
David Duong pointed out that ETH and SOL have been major "beta investments" in the crypto market, exhibiting greater volatility than the overall market.