#BSCTrendingCoins Cryptocurrencies are experiencing a downturn due to a combination of factors. *Market Sentiment* has turned bearish, with many traders buying put options, anticipating further price declines.¹ *Global Economic Concerns*, such as the escalating trade war led by Donald Trump's latest tariffs, are also contributing to the decline.²

Additionally, *Long Liquidations* are overpowering shorts, with almost all top cryptocurrencies suffering larger long liquidations versus shorts in their respective markets. This has amplified the sell-off, with Bitcoin witnessing $62.45 million in net liquidations in the last 24 hours, out of which $48.94 million were long positions.

Other factors, such as *Regulatory Uncertainty*, *Inflation Concerns*, and *Technical Analysis*, are also playing a role in the downturn.³ The cryptocurrency market is known for its volatility, and prices can fluctuate rapidly. As the market continues to evolve, it's essential to stay informed and adapt to changing market conditions.