The global cryptocurial market has experienced a broad slowdown today, total market capitalization having fallen from 1.68% to 3.39 billions of dollars. The daily negotiation volume also dropped 5.27% to 133.81 billion dollars, reporting a careful feeling for investors. The Fear & Greed index is currently 61 years old, still in the “greed” area, although down while uncertainty obliges the perspectives.
The decline follows a sequence of macroeconomic and political events that have shaken both cryptography and traditional markets. Speaking of Wall Street, the S&P 500 is down 0.27% to 6,022.24, DJT dropped from 1.87% to 20.52, the Nasdaq dropped from 0.50% to 19,615.88 and the Dow Jones marginally slipped from 0.0026% to 42,865.77.
Liquidations increase while merchants are caught off guard?
While the price action turned against the Bulls, the liquidations began to rise. In the past 24 hours, 112,143 merchants have been liquidated, amounting to a total of $ 327.94 million in the discussions. The single liquidation occurred on the Binance BTCUSD perpetual pair, totaling $ 2.15 million.
The magnitude of the liquidations suggests that many traders have been caught by the rapid inversion of feeling, in particular those who bet on a bullish continuation after the drop in the IPC. With leverages endangered on long and short sides, volatility should be present in the short term.
BTC and ETH in red, Altcoins strikes stronger?
The price of Bitcoin is down 1.68% in the last 24 hours, now negotiating at $ 107,740.76. Its market capitalization amounts to 2.14 billions of dollars, with $ 53.99 billion in daily negotiation volume. Ethereum followed the plunge, diving 1.11% at $ 2,760.10. Among the best altcoins, XRP fell 1.87%, while Solana took a heavier bash with a drop of 3.97%.
Top winners
- SPX6900: $ 1.68 (+ 6.63%)
- Kaia: $ 0.1695 (+ 3.14%)
- AB: $ 0.01,167 (+ 2.64%)
Top losers
- CRV: $ 0.6394 (-9.98%)
- JUP: $ 0.4553 (-9.39%)
- Ray: $ 2.26 (-9.38%)
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Faq
Bitcoin dropped by 1.68% to around $ 107,740, while Ethereum fell from 1.11% to around $ 2,760
The sudden reversal of the market has attracted many leverages, resulting in more than 112,000 liquidations and $ 327.94 million lost in all scholarships.
The S&P 500 is a stock market index according to the performance of 500 of the largest American companies listed on the stock market. It is widely considered as a reference for overall health of American stock markets.
The DJT dropped by 1.87% and is negotiated at 20.52 in a larger drop in the market.
