Today, cryptocurrency markets have seen a significant decline, which can be attributed to several key factors:
Massive liquidations: According to Coinglass data, positions worth $228 million were liquidated in the past 24 hours, with long positions worth $166 million and short positions worth $62 million.
Profit-taking: Following the recent significant gains in cryptocurrencies, many investors have sold their assets to take profits, resulting in a decline in market value of about $452 billion since the beginning of 2025.
Global economic impacts: Central bank decisions, such as the US Federal Reserve’s interest rate hike, have negatively affected investor appetite for digital assets, leading to a decline in their value.
It is worth noting that the cryptocurrency market is known for its extreme volatility, and is affected by multiple factors including global economic developments, geopolitical events, and investor decisions.