Bitcoin, ETHEREUM decreases to the lowest prices in months as the liquidation tops $ 600 million

this week Pain markets It gets worse on Wednesday, as major assets such as Bitcoin and Ethereum have decreased to the lowest mark in months, as the references are escalating $ 600 million over the past 24 hours.

Bitcoin fell to $ 83,724 and remains under the mark of $ 84,000 as of this writing, a decrease of more than 3 % a day and 12 % during the past week.

Bitcoin’s price has not been low since early November, a few days after President Trump won the elections, as the higher cryptocurrency was rising to new tops. At its current price, Bitcoin has now decreased by 23 % of the peak price of more than $ 108,000, which has been set more than a month ago.

But Ethereum has been wounded more powerfully, as it decreased more than 4 % a day and decreased to $ 2,275-the lowest price of the second largest encryption assets since last September. ETHEREUM remains a 53 % decrease from its high price of 4,878 dollars in 2021.

On a large scale, the encryption market decreased by 4 % during the last day, as it decreased again after a brutal start for the week fed by inflation concerns, fears of Trump’s expanding tariff, cooling momentum about the trading of the meme, and last week $ 1.4 billion in the stock exchange encryption.

“Confusion about customs tariffs, uncertainty about price expectations, and NVIDIA’s profits after the closure,” said Strinja Savic, head of data and analyzes at Frnt Financial, a financial company and consulting services that focus on risk. Decipher. “Given the extent to which NVIDIA has pushed the broader market over the past few months, the fluctuations we see in BTC today can also be in the position of traders for NVIDIA results.”

“After saying this, these types of deep corrections are a record part of the BTC Bull market,” he added. “We had a great alternative in August, for example, then continued to collapse over $ 100,000 in November. The main level to watch now is the moving average for 200 days, $ 81,700, and whether the symbolic code would reduce this.”

More than $ 613 million of future bets has been filtered over the past 24 hours, for all data from CoinglassWith Bitcoin leadership of $ 335 million. ETHEREUM ranks second with $ 115 million of liquidation.

Editor’s note: This story was updated with an analyst comment after publishing.