Why Are Top Altcoins ADA, SOL, and ETH Down Today?

Top altcoins including Cardano (ADA), Solana (SOL), and Ethereum (ETH) have experienced a decline today. This downturn coincides with the release of ADP jobs data, which has signaled a weakening US jobs market. The broader cryptocurrency market has also been subject to significant volatility, contributing to the downward pressure on these major altcoins.