Binance Square

cryptomarketcrashtoday

2,545 views
9 Discussing
Cryptos Headlines
--
Why The Crypto Market is Crashing TodayThe cryptocurrency market has hit a rough patch, with Bitcoin and other major coins losing their recent momentum. After weeks of strong performance, the total market cap has dropped by about 3%, now standing at around $3.54 trillion. This drop comes just after Donald Trump’s presidential inauguration, which many believed would bring good news for the crypto world. Disappointment from Trump’s Inauguration Leading up to the inauguration, there was excitement about potential crypto-friendly policies under Trump. However, during his speech, Trump did not mention cryptocurrencies or blockchain technology. This lack of focus on crypto left investors disappointed, leading to speculations that the inauguration became a “sell the news” event. The hype quickly turned to worries, hurting the optimism that had previously driven prices upward. Bitcoin ETF Outflows Add to the Downturn Adding to the market pressure, there has been a significant outflow of Bitcoin ETFs. As of January 22, about $95.62 million worth of Bitcoin ETF outflows were reported, primarily from Grayscale and Bitwise funds, excluding BlackRock’s data.  These outflows align with the market’s weakening trend, further contributing to the overall decline Liquidations Deepen Market Pressure The market has also seen significant liquidations, adding to the downward trend. In the past 24 hours, $243 million worth of positions were liquidated, with long traders suffering the most at $192 million. The largest single liquidation, worth $5.93 million, occurred on the OKX exchange. Bitcoin and Other Cryptos Decline Bitcoin, the largest cryptocurrency, has struggled to maintain its gains. It dropped by 2.9% to $102,600 after briefly reaching a record high of over $109,000 earlier this week.  Other major cryptocurrencies like Ethereum, XRP, and Solana also fell by 3%-4%, while meme coins such as DOGE, SHIB, TRUMP, and PEPE saw sharper declines of 5%-10%. #cryptomarketcrashtoday #Bitcoin #BTC #Altcoins #CryptoNews

Why The Crypto Market is Crashing Today

The cryptocurrency market has hit a rough patch, with Bitcoin and other major coins losing their recent momentum. After weeks of strong performance, the total market cap has dropped by about 3%, now standing at around $3.54 trillion.
This drop comes just after Donald Trump’s presidential inauguration, which many believed would bring good news for the crypto world.

Disappointment from Trump’s Inauguration
Leading up to the inauguration, there was excitement about potential crypto-friendly policies under Trump. However, during his speech, Trump did not mention cryptocurrencies or blockchain technology.
This lack of focus on crypto left investors disappointed, leading to speculations that the inauguration became a “sell the news” event. The hype quickly turned to worries, hurting the optimism that had previously driven prices upward.

Bitcoin ETF Outflows Add to the Downturn
Adding to the market pressure, there has been a significant outflow of Bitcoin ETFs. As of January 22, about $95.62 million worth of Bitcoin ETF outflows were reported, primarily from Grayscale and Bitwise funds, excluding BlackRock’s data. 
These outflows align with the market’s weakening trend, further contributing to the overall decline

Liquidations Deepen Market Pressure
The market has also seen significant liquidations, adding to the downward trend. In the past 24 hours, $243 million worth of positions were liquidated, with long traders suffering the most at $192 million. The largest single liquidation, worth $5.93 million, occurred on the OKX exchange.

Bitcoin and Other Cryptos Decline
Bitcoin, the largest cryptocurrency, has struggled to maintain its gains. It dropped by 2.9% to $102,600 after briefly reaching a record high of over $109,000 earlier this week. 
Other major cryptocurrencies like Ethereum, XRP, and Solana also fell by 3%-4%, while meme coins such as DOGE, SHIB, TRUMP, and PEPE saw sharper declines of 5%-10%.

#cryptomarketcrashtoday #Bitcoin #BTC #Altcoins #CryptoNews
--
Bearish
Why The Crypto Market is Crashing Today The cryptocurrency market has hit a rough patch, with Bitcoin and other major coins losing their recent momentum. After weeks of strong performance, the total market cap has dropped by about 3%, now standing at around $3.54 trillion. This drop comes just after Donald Trump’s presidential inauguration, which many believed would bring good news for the crypto world. Disappointment from Trump’s Inauguration Leading up to the inauguration, there was excitement about potential crypto-friendly policies under Trump. However, during his speech, Trump did not mention cryptocurrencies or blockchain technology. This lack of focus on crypto left investors disappointed, leading to speculations that the inauguration became a “sell the news” event. The hype quickly turned to worries, hurting the optimism that had previously driven prices upward. Bitcoin ETF Outflows Add to the Downturn Adding to the market pressure, there has been a significant outflow of Bitcoin ETFs. As of January 22, about $95.62 million worth of Bitcoin ETF outflows were reported, primarily from Grayscale and Bitwise funds, excluding BlackRock’s data.  These outflows align with the market’s weakening trend, further contributing to the overall decline Liquidations Deepen Market Pressure The market has also seen significant liquidations, adding to the downward trend. In the past 24 hours, $243 million worth of positions were liquidated, with long traders suffering the most at $192 million. The largest single liquidation, worth $5.93 million, occurred on the OKX exchange. Bitcoin and Other Cryptos Decline Bitcoin, the largest cryptocurrency, has struggled to maintain its gains. It dropped by 2.9% to $102,600 after briefly reaching a record high of over $109,000 earlier this week.   Other major cryptocurrencies like Ethereum, XRP, and Solana also fell by 3%-4%, while meme coins such as DOGE, SHIB, TRUMP, and PEPE saw sharper declines of 5%-10%. #cryptomarketcrashtoday #Bitcoin #BTC #Altcoins #CryptoNews
Why The Crypto Market is Crashing Today

The cryptocurrency market has hit a rough patch, with Bitcoin and other major coins losing their recent momentum. After weeks of strong performance, the total market cap has dropped by about 3%, now standing at around $3.54 trillion.

This drop comes just after Donald Trump’s presidential inauguration, which many believed would bring good news for the crypto world.

Disappointment from Trump’s Inauguration

Leading up to the inauguration, there was excitement about potential crypto-friendly policies under Trump. However, during his speech, Trump did not mention cryptocurrencies or blockchain technology.

This lack of focus on crypto left investors disappointed, leading to speculations that the inauguration became a “sell the news” event. The hype quickly turned to worries, hurting the optimism that had previously driven prices upward.

Bitcoin ETF Outflows Add to the Downturn

Adding to the market pressure, there has been a significant outflow of Bitcoin ETFs. As of January 22, about $95.62 million worth of Bitcoin ETF outflows were reported, primarily from Grayscale and Bitwise funds, excluding BlackRock’s data. 

These outflows align with the market’s weakening trend, further contributing to the overall decline

Liquidations Deepen Market Pressure

The market has also seen significant liquidations, adding to the downward trend. In the past 24 hours, $243 million worth of positions were liquidated, with long traders suffering the most at $192 million. The largest single liquidation, worth $5.93 million, occurred on the OKX exchange.

Bitcoin and Other Cryptos Decline

Bitcoin, the largest cryptocurrency, has struggled to maintain its gains. It dropped by 2.9% to $102,600 after briefly reaching a record high of over $109,000 earlier this week.
 
Other major cryptocurrencies like Ethereum, XRP, and Solana also fell by 3%-4%, while meme coins such as DOGE, SHIB, TRUMP, and PEPE saw sharper declines of 5%-10%.

#cryptomarketcrashtoday #Bitcoin #BTC #Altcoins #CryptoNews
Crypto Market Faces Turmoil: Kimchi Premium Soars Amid Trump’s Tariff Tensions, But Aureal One StandPresident Trump's tariff decisions have increased inflation fears in South Korea, which in return caused a substantial growth in the Kimchi Premium focused on the Tether (USDT) token. The current value of Tether trading at 1,575 KRW stands higher than the standard KRW/USD rate because investors fear market instability so they choose stability through this stablecoin. The Kimchi Premium has reached new heights above 6% during market instability because of mounting tensions between the US and Mexico while China and Canada remain involved. The virtual asset market faces bearish conditions leading to increasing sell-offs among major cryptocurrencies Bitcoin and Ethereum. The recent stock market decrease has forced numerous investors to retreat because the ongoing trade war stops global markets from stabilizing and that's where Aureal One comes in. High levels of asset risk flight to secure investments have elevated the Kimchi Premium, which could remain elevated until market stability appears. Unlock Limitless Possibilities in the Metaverse with Aureal One The current market instability brings forth Aureal One as a beneficial solution, which enables people to handle turbulent periods. Aureal One stands out within the cryptocurrency volatility because its blockchain solution targets the gaming industry and metaverse market. Users of Aureal One experience uninterrupted smooth experiences due to its stable platform with zero gas fee operation and lightning-fast transaction speed. Visit Official Website: https://aurealone.com/?u_id=ZByrE7 (Beware of fake websites impersonating as AurealOne, only interact with official website) Zero Gas Fees: Enjoy seamless gaming experiences with no transaction costs. Real-time gaming offers delay-free activations that increase the virtual experience quality. Aureal One emerges powerful because it offers advanced technological features together with scalability and security features to function as the future solution for gaming and metaverse environments. With DarkLume and Clash of Tiles as flagship projects, Aureal One creates a path for digital assets and gaming to advance toward a new direction. Bitcoin Falls, Aureal One Provides Stability The drop of Bitcoin below $91,200 during market instability and increasing price instability concerns leads many investors to shift their capital from high-risk holdings. Social networks indicate that users are choosing risk-averse investment options because of forecasting inflation. The turbulent market features a stable innovative blockchain solution in Aureal One which provides users with secure scalable capabilities for digital experiences. #cryptomarketcrashtoday #AurealOne #KimchiPremium #BlockchainGaming #MetaverseRevolution

Crypto Market Faces Turmoil: Kimchi Premium Soars Amid Trump’s Tariff Tensions, But Aureal One Stand

President Trump's tariff decisions have increased inflation fears in South Korea, which in return caused a substantial growth in the Kimchi Premium focused on the Tether (USDT) token. The current value of Tether trading at 1,575 KRW stands higher than the standard KRW/USD rate because investors fear market instability so they choose stability through this stablecoin.
The Kimchi Premium has reached new heights above 6% during market instability because of mounting tensions between the US and Mexico while China and Canada remain involved.
The virtual asset market faces bearish conditions leading to increasing sell-offs among major cryptocurrencies Bitcoin and Ethereum. The recent stock market decrease has forced numerous investors to retreat because the ongoing trade war stops global markets from stabilizing and that's where Aureal One comes in.
High levels of asset risk flight to secure investments have elevated the Kimchi Premium, which could remain elevated until market stability appears.
Unlock Limitless Possibilities in the Metaverse with Aureal One
The current market instability brings forth Aureal One as a beneficial solution, which enables people to handle turbulent periods. Aureal One stands out within the cryptocurrency volatility because its blockchain solution targets the gaming industry and metaverse market. Users of Aureal One experience uninterrupted smooth experiences due to its stable platform with zero gas fee operation and lightning-fast transaction speed.
Visit Official Website:
https://aurealone.com/?u_id=ZByrE7
(Beware of fake websites impersonating as AurealOne, only interact with official website)

Zero Gas Fees: Enjoy seamless gaming experiences with no transaction costs.
Real-time gaming offers delay-free activations that increase the virtual experience quality.
Aureal One emerges powerful because it offers advanced technological features together with scalability and security features to function as the future solution for gaming and metaverse environments. With DarkLume and Clash of Tiles as flagship projects, Aureal One creates a path for digital assets and gaming to advance toward a new direction.
Bitcoin Falls, Aureal One Provides Stability
The drop of Bitcoin below $91,200 during market instability and increasing price instability concerns leads many investors to shift their capital from high-risk holdings. Social networks indicate that users are choosing risk-averse investment options because of forecasting inflation. The turbulent market features a stable innovative blockchain solution in Aureal One which provides users with secure scalable capabilities for digital experiences.
#cryptomarketcrashtoday #AurealOne #KimchiPremium #BlockchainGaming #MetaverseRevolution
Bitcoin Drops Below $100K Sparkling $855B in Market LiquidationsBitcoin experienced a significant drop during Asian trading hours, falling below the $100,000 mark as market volatility impacted both the broader cryptocurrency and stock markets. Over the past 24 hours, BTC declined by more than 6%, reaching a low of $97,000 before recovering to $99,290 at the time of reporting. This decline disrupts the upward trend that had pushed Bitcoin to its peak of $109,000 just before the inauguration of US President Donald Trump. Analysts believe that this downturn signals the end of a rally fueled by Trump’s political influence, which had characterized the late 2024 market. The turbulence in the cryptocurrency market triggered a surge in liquidations, with CoinGlass reporting a staggering $855 billion in losses, affecting over 313,000 traders. Data reveals that long traders, who had bet on price increases, suffered the largest losses, totaling $794 billion. Meanwhile, short traders, who anticipated price declines, faced losses of around $59 million. Bitcoin traders were hit hardest, with liquidations totaling approximately $259 million, including $247.5 million from long positions. Ethereum traders also experienced substantial losses, with liquidations reaching $110 million, of which $104.8 million came from long positions. #cryptomarketcrashtoday #BitcoinDown #BTC #CryptoMarket #CryptoNewsFlash

Bitcoin Drops Below $100K Sparkling $855B in Market Liquidations

Bitcoin experienced a significant drop during Asian trading hours, falling below the $100,000 mark as market volatility impacted both the broader cryptocurrency and stock markets.
Over the past 24 hours, BTC declined by more than 6%, reaching a low of $97,000 before recovering to $99,290 at the time of reporting.

This decline disrupts the upward trend that had pushed Bitcoin to its peak of $109,000 just before the inauguration of US President Donald Trump.
Analysts believe that this downturn signals the end of a rally fueled by Trump’s political influence, which had characterized the late 2024 market.

The turbulence in the cryptocurrency market triggered a surge in liquidations, with CoinGlass reporting a staggering $855 billion in losses, affecting over 313,000 traders.
Data reveals that long traders, who had bet on price increases, suffered the largest losses, totaling $794 billion. Meanwhile, short traders, who anticipated price declines, faced losses of around $59 million.

Bitcoin traders were hit hardest, with liquidations totaling approximately $259 million, including $247.5 million from long positions.
Ethereum traders also experienced substantial losses, with liquidations reaching $110 million, of which $104.8 million came from long positions.

#cryptomarketcrashtoday #BitcoinDown #BTC #CryptoMarket #CryptoNewsFlash
Gold Rates Witness An Increase Amid Crypto Market’s Fall$BTC is witnessing a significant downfall in the crypto market, dropping from $106,394 to $83,888, making it a 21% fall by 4th March. This decrease has led to a $1.2 trillion reduction from $3.7 trillion. Technical Indicators and Market Dynamics Factors that influenced the downward trend: Correlation with Traditional Markets: Bitcoin, in correlation with indices Nasdaq and S&P, has shown a decrease from 88% to 40%. This demonstrates it as a risky asset and diminished role as a hedge, indicating increased volatility in the market.  Liquidity Concerns: Bitcoin Exchange-Traded Fund (ETF) assets have declined to $100 billion. DeFi platforms have also witnessed a $35.5 billion reduction, reflecting how it is facing liquidity challenges in the crypto market. Gold's Performance as a Safe-Haven Asset As opposed to Bitcoin’s price changes, Gold rates have gone up by 7.7%, rising from $2,708 to $2,916 per ounce. This increase showcases gold’s appeal despite harsh economic uncertainties. Market Outlook The current market dynamics are constantly changing and highlight investor sentiment all over. Traders and investors must monitor these trends regularly to stay informed on how to implement strategies in this dynamic market. #Bitcoinprice #GoldRush #cryptomarketcrashtoday #CryptoNews #TheCoinRepublic

Gold Rates Witness An Increase Amid Crypto Market’s Fall

$BTC is witnessing a significant downfall in the crypto market, dropping from $106,394 to $83,888, making it a 21% fall by 4th March. This decrease has led to a $1.2 trillion reduction from $3.7 trillion.
Technical Indicators and Market Dynamics
Factors that influenced the downward trend:
Correlation with Traditional Markets: Bitcoin, in correlation with indices Nasdaq and S&P, has shown a decrease from 88% to 40%. This demonstrates it as a risky asset and diminished role as a hedge, indicating increased volatility in the market. 
Liquidity Concerns: Bitcoin Exchange-Traded Fund (ETF) assets have declined to $100 billion. DeFi platforms have also witnessed a $35.5 billion reduction, reflecting how it is facing liquidity challenges in the crypto market.

Gold's Performance as a Safe-Haven Asset
As opposed to Bitcoin’s price changes, Gold rates have gone up by 7.7%, rising from $2,708 to $2,916 per ounce. This increase showcases gold’s appeal despite harsh economic uncertainties.
Market Outlook
The current market dynamics are constantly changing and highlight investor sentiment all over. Traders and investors must monitor these trends regularly to stay informed on how to implement strategies in this dynamic market.

#Bitcoinprice #GoldRush #cryptomarketcrashtoday #CryptoNews #TheCoinRepublic
🚨 Crypto Crash: Why Are Major Coins Falling So Hard? 😱 The crypto markets are bleeding red, and investors are left wondering: what the heck is going on? 😵‍💫 Over the past few days, major cryptocurrencies like Bitcoin ($BTC ), Ethereum ($ETH ), and others have taken a sharp dive. 📉 Let’s break down the chaos and figure out what’s fueling this downturn. 🧊 1. Market Sentiment Turned Bearish After a few months of bullish excitement, the mood has shifted dramatically. 🤔 Fear and uncertainty are creeping in as traders lock in profits and exit risky positions. The Crypto Fear & Greed Index has dipped into fear territory, signaling caution. 🌍 2. Macro Mayhem: Global Economy Struggles The traditional financial markets aren't looking great either. With rising interest rates, sticky inflation, and a shaky geopolitical climate (👀 hello oil prices and global tensions), investors are pulling out of risk assets, including crypto. 🔄 This ripple effect is dragging prices down fast. 🐳 3. Whale Movements & Liquidations Some big wallets (aka crypto whales) have been spotted making massive transfers to exchanges. 🐋📤 This often signals selling pressure, which can panic retail investors and trigger liquidation cascades in leveraged positions. 💥 It’s a classic domino effect in action. ⚠️ 4. Regulatory FUD Governments around the world are tightening their grip on crypto. 🔒 The SEC, FATF, and central banks are cracking down with stricter policies and surprise enforcement actions. Even rumors of regulation can spook the markets and lead to sharp pullbacks. 📰 💬 Final Thoughts Crypto is no stranger to volatility — it’s part of the game. 🎢 But while this dip might hurt in the short term, seasoned investors know that bear markets often build the strongest hands. 💪 Stay sharp and never invest more than you’re willing to lose. 🚀 The next rally could be just one breakout away. #cryptomarketcrashtoday #ETHUpdate #BitcoinNews #CryptoFUD #BinanceCommunity {spot}(BTCUSDT) {spot}(ETHUSDT) {spot}(SOLUSDT)
🚨 Crypto Crash: Why Are Major Coins Falling So Hard? 😱

The crypto markets are bleeding red, and investors are left wondering: what the heck is going on? 😵‍💫 Over the past few days, major cryptocurrencies like Bitcoin ($BTC ), Ethereum ($ETH ), and others have taken a sharp dive. 📉 Let’s break down the chaos and figure out what’s fueling this downturn.

🧊 1. Market Sentiment Turned Bearish
After a few months of bullish excitement, the mood has shifted dramatically. 🤔 Fear and uncertainty are creeping in as traders lock in profits and exit risky positions. The Crypto Fear & Greed Index has dipped into fear territory, signaling caution.

🌍 2. Macro Mayhem: Global Economy Struggles
The traditional financial markets aren't looking great either. With rising interest rates, sticky inflation, and a shaky geopolitical climate (👀 hello oil prices and global tensions), investors are pulling out of risk assets, including crypto. 🔄 This ripple effect is dragging prices down fast.

🐳 3. Whale Movements & Liquidations
Some big wallets (aka crypto whales) have been spotted making massive transfers to exchanges. 🐋📤 This often signals selling pressure, which can panic retail investors and trigger liquidation cascades in leveraged positions. 💥 It’s a classic domino effect in action.

⚠️ 4. Regulatory FUD
Governments around the world are tightening their grip on crypto. 🔒 The SEC, FATF, and central banks are cracking down with stricter policies and surprise enforcement actions. Even rumors of regulation can spook the markets and lead to sharp pullbacks. 📰

💬 Final Thoughts
Crypto is no stranger to volatility — it’s part of the game. 🎢 But while this dip might hurt in the short term, seasoned investors know that bear markets often build the strongest hands. 💪

Stay sharp and never invest more than you’re willing to lose. 🚀 The next rally could be just one breakout away.

#cryptomarketcrashtoday
#ETHUpdate
#BitcoinNews
#CryptoFUD
#BinanceCommunity
--
Bearish
All market show red📉 The cryptocurrency market has experienced a significant downturn recently, with major assets like Bitcoin and Ethereum seeing notable declines. As of January 20, 2025, Bitcoin (BTC) is trading at approximately $99,882, down 4.36% from the previous close, with an intraday high of $106,307 and a low of $99,539. Ethereum (ETH) stands at $3,181.45, reflecting a 5% decrease, with an intraday high of $3,441.53 and a low of $3,130.11. Several factors have contributed to this market-wide decline: Regulatory Uncertainty: The anticipation of new cryptocurrency regulations under the Trump administration has introduced uncertainty into the market. While these regulations aim to foster growth, experts warn they could lead to increased volatility and potential financial instability. Market Dynamics: The launch of competing memecoins, such as the 'TRUMP' and 'MELANIA' tokens, has diverted investor attention and funds, contributing to fluctuations in established cryptocurrencies. Macroeconomic Factors: Robust U.S. economic data has led to expectations of sustained higher interest rates by the Federal Reserve, prompting investors to move away from riskier assets, including cryptocurrencies. Given these developments, the cryptocurrency market may continue to face challenges in the near term. Investors should stay informed about regulatory changes and broader economic trends when making investment decisions. #writetoearn #cryptomarketcrashtoday $BTC
All market show red📉

The cryptocurrency market has experienced a significant downturn recently, with major assets like Bitcoin and Ethereum seeing notable declines. As of January 20, 2025, Bitcoin (BTC) is trading at approximately $99,882, down 4.36% from the previous close, with an intraday high of $106,307 and a low of $99,539. Ethereum (ETH) stands at $3,181.45, reflecting a 5% decrease, with an intraday high of $3,441.53 and a low of $3,130.11.

Several factors have contributed to this market-wide decline:

Regulatory Uncertainty: The anticipation of new cryptocurrency regulations under the Trump administration has introduced uncertainty into the market. While these regulations aim to foster growth, experts warn they could lead to increased volatility and potential financial instability.

Market Dynamics: The launch of competing memecoins, such as the 'TRUMP' and 'MELANIA' tokens, has diverted investor attention and funds, contributing to fluctuations in established cryptocurrencies.

Macroeconomic Factors: Robust U.S. economic data has led to expectations of sustained higher interest rates by the Federal Reserve, prompting investors to move away from riskier assets, including cryptocurrencies.

Given these developments, the cryptocurrency market may continue to face challenges in the near term. Investors should stay informed about regulatory changes and broader economic trends when making investment decisions.

#writetoearn #cryptomarketcrashtoday $BTC
Bitcoin Drops Below $100K Sparkling $855B in Market Liquidations Bitcoin experienced a significant drop during Asian trading hours, falling below the $100,000 mark as market volatility impacted both the broader cryptocurrency and stock markets. Over the past 24 hours, BTC declined by more than 6%, reaching a low of $97,000 before recovering to $99,290 at the time of reporting. This decline disrupts the upward trend that had pushed Bitcoin to its peak of $109,000 just before the inauguration of US President Donald Trump. Analysts believe that this downturn signals the end of a rally fueled by Trump’s political influence, which had characterized the late 2024 market. The turbulence in the cryptocurrency market triggered a surge in liquidations, with CoinGlass reporting a staggering $855 billion in losses, affecting over 313,000 traders. Data reveals that long traders, who had bet on price increases, suffered the largest losses, totaling $794 billion. Meanwhile, short traders, who anticipated price declines, faced losses of around $59 million. Bitcoin traders were hit hardest, with liquidations totaling approximately $259 million, including $247.5 million from long positions. Ethereum traders also experienced substantial losses, with liquidations reaching $110 million, of which $104.8 million came from long positions. #cryptomarketcrashtoday #BitcoinDown #BTC #CryptoMarket #CryptoNewsFlash
Bitcoin Drops Below $100K Sparkling $855B in Market Liquidations

Bitcoin experienced a significant drop during Asian trading hours, falling below the $100,000 mark as market volatility impacted both the broader cryptocurrency and stock markets.

Over the past 24 hours, BTC declined by more than 6%, reaching a low of $97,000 before recovering to $99,290 at the time of reporting.

This decline disrupts the upward trend that had pushed Bitcoin to its peak of $109,000 just before the inauguration of US President Donald Trump.

Analysts believe that this downturn signals the end of a rally fueled by Trump’s political influence, which had characterized the late 2024 market.

The turbulence in the cryptocurrency market triggered a surge in liquidations, with CoinGlass reporting a staggering $855 billion in losses, affecting over 313,000 traders.

Data reveals that long traders, who had bet on price increases, suffered the largest losses, totaling $794 billion. Meanwhile, short traders, who anticipated price declines, faced losses of around $59 million.

Bitcoin traders were hit hardest, with liquidations totaling approximately $259 million, including $247.5 million from long positions.

Ethereum traders also experienced substantial losses, with liquidations reaching $110 million, of which $104.8 million came from long positions.

#cryptomarketcrashtoday #BitcoinDown #BTC #CryptoMarket #CryptoNewsFlash
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number