📢📢#news #NewsAboutCrypto 📢📢
In recent days, the cryptocurrency market has experienced a notable decline in the prices of major digital assets. Below are the factors that have influenced this trend:
📊1. Influence of Traditional Markets:
The recent declines in the Nasdaq index, driven by the emergence of the Chinese start-up DeepSeek 🐋 with its new artificial intelligence model, have generated panic in the tech sector, particularly affecting companies like Nvidia. This situation has spilled over into the crypto market, which has recorded significant corrections. Bitcoin, for example, has decreased by 4% in the last 24 hours, trading between $99,000 and $100,000.
🪙2. Increase in Bitcoin Dominance:
Despite the overall market decline, Bitcoin has shown greater resilience compared to other cryptocurrencies. Its dominance in the market has surpassed 60%, while many altcoins have suffered more pronounced percentage losses.
🏦3. Macroeconomic Factors:
The recent tariff policies implemented by President Donald Trump have generated economic uncertainty globally. This situation is reflected in the price of Bitcoin, which trades around $99,220, and Ethereum, which is priced at $3,089.
⛔4. Massive Liquidations:
The drop in prices has led to the liquidation of over $800 million in trader positions, primarily affecting those with leveraged positions in altcoins, which have experienced greater percentage declines than Bitcoin.