The crypto money market has experienced its greatest collapse in recent months. While Bitcoins and Altcoins had harshly depreciated, the total market value melted more than $ 400 billion per day.
Crypto currency market value fell to 3.1 trillion dollars
The total value of the crypto currency market decreased by 12 %in the last 24 hours and decreased to 3.1 trillion dollars. This was recorded as the lowest level seen in 2024. The rapid fall of the market increased panic sales among investors.
Asian trading hours accelerated sales, the market back to the levels in the middle of November. According to CoNSS data, in the last 24 hours More than 700,000 investors have been liquidatedand in total 2.2 billion dollars of positionclosed. Will Clemente, the founding partner of Reflexivity Research, said that it might be one of the biggest liquidation events in crypto history ”.
Double -digit losses in Altcoins
The harsh collapse in the crypto market has led to major losses, especially in Altcoins. Bitcoin fear and greed index, after a long “greed” level To 44 levelHe entered the “horror” zone.
- Bitcoin (BTC)It fell to $ 91,300 with a decrease of 7.5 %, but then rose to $ 94,000.
- Ethereum (ETH)It fell below $ 2,400, lost 25 %and reached about 50 %of the highest level of all time in 2021.
- XRPIn a few hours, it fell below 2 dollars, losing 26 %.
- Solana (left)14 %dropped to $ 180.
- Binance Coin (BNB)It decreased to $ 550 with 16 %loss.
- Dogecoin (Doge)It fell 24 %and decreased to 0.22 dollars.
Altcoins with a lower market value experienced much larger losses.
- CARDANO (ADA)With 30 %loss, it fell to $ 0.60.
- Chainlink (LINK)It fell to $ 17 with 23 %loss.
- Avalanche (Avax)25 %dropped to $ 23.
Some Altcoins have returned to last year’s price levels, equaling almost one -year rise in just a few hours.
The effect of Trump’s trade policies on the crypto market
Former US President Donald Trump announced that he would apply against Canada, Mexico and China at the weekend. Trade tariffsIt shook global markets. While the US futures experienced great losses, Asian stock exchanges also experienced a significant decrease.
“Bitcoin is mainly a risk existence. Such aggressive tariffs are a very negative development for risk assets. In addition, the economy will be damaged ”. Kr The crypto market has already experienced a major decrease and the Altcoins have melted to a great extent. Therefore, the probability of further decrease may have been reduced ”.
Can Bitcoin re -test $ 90,000?
Bow Trump’s trade war affects the entire market, Bow Trump’s trade war affects the entire market. Trade wars and fears of stagflation keep Altcoins and Bitcoin under pressure. ”
Analysts say that Bitcoin can either make a bottom at existing levels or re -test the $ 90,000 level. However, while the uncertainty in the markets continues, critical levels for investors are closely monitored.
