The cryptocurrency market experienced a sharp decline in the last 24 hours, the market capitalization of the company lowering 2.19% to 2.79 dollars. The slowdown occurs in the midst of increasing regulatory uncertainty, large -scale liquidations and macroeconomic pressures.
Macroeconomic pressure weighs significantly on the cryptography market
The latest slowdown in cryptography prices align with broader economic concerns. The American government’s decision to impose a price of 25% on automotive imports and other goods from Canada, Mexico and China has sent shock to the world’s financial markets. Investors fear that the escalation of trade war can weaken the feeling of risks, leading to a decline in speculative assets such as cryptocurrencies.
Liquidations stimulate the southern market!
Overwhelmed merchants have taken the weight of the sale, the total liquidations totaling $ 257.35 million. From this, 198.11 million dollars were long positions, reporting that Paris traders on price increases were faced with significant losses. Bitcoin experienced $ 62.45 million in liquidations, with $ 48.94 million from long. Ethereum has also suffered massively, testifying to $ 43 million long liquidations out of a total of $ 51.76 million.
Bitcoin & Altcoins face the sales pressure
Bitcoin dropped 1.68% in the last 24 hours, bringing its price to $ 85,931.61. The asset remains under pressure while the feeling of the market is deteriorating, the domination of Bitcoin always holding more than 61% of the total market capitalization.
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Ethereum followed suit, down 5.44% to $ 1,915.94, reflecting a higher sale among the best altcoins. Other major cryptocurrencies such as XRP and Solana also recorded significant losses of 4.68% and 3.73%, respectively.
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Gains and losers
Despite the lowering market, a few tokens managed to climb against the wave. Cronos led the winners, climbing 7.58% to $ 0.1087, followed by Tonceoin and Pi Network, which increased 4.39% and 3.93% respectively.
Reducing, Story IP suffered the greatest drop, losing 9.98% to $ 5.21. POL and IMX also recorded a sharp drop of 9.48% and 9.47%, respectively.
Faq
The market has decreased due to the increase in regulatory uncertainty, the increase in liquidations and macroeconomic factors such as new American commercial prices affecting risk appetites.
Ethereum, XRP and Solana were faced with notable decreases, ETH seeing the highest long liquidations.
Yes, Cronos, Toncoin and Pi Network displayed gains, defying the slower slowdown.
