The encryption markets collapse, as 1.18 billion dollars disappear within 24 hours

The cryptocurrency markets in The Red Today, where the main coins are witnessing a significant decrease in prices. Bitcoin (BTC) is currently 96,636.4 dollars, a decrease of 4.52 %, while ETHEREUM (ETH) is at $ 2,826.76, indicating a decrease of 10.28 %. Solana (Sol) is trading at $ 198.03, a decrease of 8.48 %. Meanwhile, Altcoins such as XRP and Dogoin (DOGE) face more severe losses, with XRP at $ 2.32 (-20.62 %) and Doug at $ 0.2526 (-19.05 %) in the past 24 hours.

The total market value decreased to $ 3.21 trillion, a decrease of 6.50 %. The Fear & Greed 47 index indicates fear in the market, while the CMC100 index decreased by 8.07 %, and it is now sitting at $ 195.19. Bitcoin continues to control the market with the dominance of 59.89 %, followed by ETHEREUM with 10.64 %.

The contraction in the prices of encrypted currency coincides with increased geopolitical tensions, especially the new definitions imposed by the United States in many countries. These commercial tensions, in addition to continuous economic uncertainty, caused investors to transform their portfolios away from heavy assets of risks such as cryptocurrencies. During the weekend, Trump announced a new tariff for Mexican, Canadian and Chinese imports, adding to the already fragile global trade environment.

The filtering heat map shows great losses

As of the latest filter for 4 hours, the total liquidation through multiple exchanges has reached amazing quantities. ETHEREUM (ETH) tops the road with more than $ 111 million in liquidation, followed by Bitcoin (BTC) with $ 62 million. Other cryptocurrencies such as XRP, Dogecoin (Doge) and Solana (Sol) have seen large liquidation sizes. During the past 24 hours, the total references amounted to $ 1.19 billion.

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