Crypto Market Faces Billions in Liquidations Amid Severe Panic
Bitcoin’s decline to the $91K zone wiped out nearly $2.27 billion from the overall crypto market, including $1.89 billion in long positions within 12 hours, according to Coinglass market data. In the past 24 hours, 745,971 traders were liquidated. CoinGecko showed how holders began selling, signaling a shift in sentiment. Ethereum saw even steeper losses, dropping to $2,135 in its worst intraday decline since 2021.
Market Uncertainty Remains as Trade War Risks Mount While analysts see China’s retaliation as measured, the risk of further escalation looms large. U.S. stock futures and commodities also took a hit, with NASDAQ 100 futures down 1.7%, crude oil falling 1.74%, and natural gas plunging 2%.
Canadian Prime Minister Justin Trudeau confirmed that the U.S. is pausing tariffs on Canadian goods for at least 30 days after a call with President Trump on Monday.
“I just had a good call with President Trump,” Trudeau wrote on X, adding that both nations are working on solutions.
As part of the agreement, Canada will roll out a $1.3 billion border plan, reinforcing security with helicopters, advanced technology, and additional personnel to curb the flow of fentanyl.
The move follows a similar one between the U.S. and Mexico earlier in the day. President Trump had announced a delay in tariffs on Mexico after a pledge from Mexico’s President to deploy 10,000 to the border to combat illegal migration.
Market participants had been anticipating that Canada would negotiate similar terms and Trudeau’s statement confirmed those expectations.
“Proposed tariffs will be paused for at least 30 days while we work together,” he wrote
Despite the widespread sell-off, Bitcoin’s decline was comparatively milder than Ethereum and other altcoins. Although the global crypto market is currently in its recovery phase, this rebound is largely attributed to the U.S.-Canada tariff pause. The market is now adapting and gradually absorbing the losses.
Bitcoin saw a 4.23% price increase in the last 24 hours, Ethereum gained 6.8%, and other altcoins made significant jumps. This reflects a broader risk-off sentiment among investors, as they respond to the positive development in trade tensions.
Bitcoin is now trading at $99,000 and is eyeing a target of $105,000, fueled by David Sack’s recent policy update.
The difficulties experienced by Shiba Inu in maintaining its growth were evident, with its price dipping below crucial support levels recently. SHIB is currently priced at $0.00002015, and it was down by 2.64% within the past 24 hours, indicating the downtrend. The token continues to trade below the 50-EMA and 200-EMA, which indicates that the bearish pressure is still intact. Using technical aspects, the analysts have observed that SHIB formed a head and shoulder pattern which is a bearish signal. Also, there is a chance of a ‘death cross’ where the 50-day EMA penetrates the 200-day EMA. Such patterns suggest that there could be further fluctuations and decreases in the future. However, there seems to be some hope within the SHIB community with the introduction of the TREAT reward token which is meant to encourage transactions within the Shiba Inu network. However, the competition from new meme coins and the decreasing transaction volume suggest that SHIB has become less attractive as an opportunity for investors who seek hypothetically large returns.
Emerging coins have attracted the attention of investors, demonstrating the ability to surpass other popular tokens, such as Shiba Inu (SHIB) or Pepe Coin (PEPE). Among those emerging competitors, Rexas Finance (RXS) demonstrates offers diverse applications and great presale performance. Here is a comprehensive breakdown of how SHIB, PEPE, and RXS are revolutionizing the crypto market.
The fact that this is the most exciting news of the day for #PulseChain is sad to me! I want the best for this chain however millions bridge in and out of $SOL #ETH by the minute and it’s not talked about. Crowd cheers for such a small amount shows how bad it really is now! $ETH
DeepSeek rocks the market! Chinese AI rivals OpenAI, causing a crypto & stock plunge. But it's efficient & affordable, fueling AI growth. With $500B from Trump for US AI and pro-crypto stance, expect a massive Wave 2. AIInnovation CryptoMarkets #DeepSeekImpact InvestmentStrategy Be patient, big gains ahead!
📈 A packed week ahead in the financial markets as we usher in a new month with key EconomicData points on the horizon! 🌎 From Japan's CPI to the US ISM Manufacturing PMI, investors are on their toes. Highlights include #USConsumerConfidence showing optimism in the labor market, with the index expected to hold steady at 114.8. Meanwhile, JapanCPI could signal a cautious approach from the BoJ amidst inflation trends. Stay tuned for a week full of insights! MarketOutlook
Hear Me Out Folks, the Market Pull back is HUGE! 🙌💸
Bitcoin, my favorite cryptocurrency, just took a dive from $100K+ to the 90s! Can you believe it? It's like the Wall Street of crypto got hit by a storm! 🌩️💔
XRP, DOGE, and SOL, all my pals in the altcoin world, are feeling the heat too! XRP down 15%, DOGE down 8%, and SOL by 6%! It's a bloodbath out there! 🩸🐕🌊
Listen, the sentiment right now? It's CRAZY! 😡😵 Everyone was playing with fire using too much leverage. Now, $1.7 billion in open interest poof! Disappeared! Like a bad magic act! 🪄💨
The charts? They're telling me people are selling like it's going out of style. But guess what? I think we're close to the bottom. Seller exhaustion, folks! They're tired! 💤🛌
And those profits? Down 42%! That's almost half! Who would've thought? But remember, every dip is an opportunity to buy low. Like real estate, but in the digital world! 🏠💻
In December 2024, the U.S. Consumer Confidence Index (CCI) experienced a decline, dropping 8.1 points to 104.7 from November's 112.8. This decrease was primarily due to a significant fall in the Expectations Index, which measures consumers' short-term outlook for income, business, and labor market conditions; it fell 12.6 points to 81.1, nearing the threshold that often signals a forthcoming recession. Despite this downturn, the Present Situation Index, reflecting consumers' assessment of current business and labor market conditions, saw a modest decline of 1.2 points to 140.2. Notably, 37.0% of consumers reported that jobs were "plentiful," an increase from 33.6% in November, while those stating jobs were "hard to get" decreased slightly to 14.8% from 15.2%.
Conference Board
PR Newswire
These mixed sentiments suggest that while consumers recognize current economic strengths, there is growing concern about future conditions
In December 2024, the U.S. Consumer Confidence Index (CCI) experienced a decline, dropping 8.1 points to 104.7 from November's 112.8. This decrease was primarily due to a significant fall in the Expectations Index, which measures consumers' short-term outlook for income, business, and labor market conditions; it fell 12.6 points to 81.1, nearing the threshold that often signals a forthcoming recession. Despite this downturn, the Present Situation Index, reflecting consumers' assessment of current business and labor market conditions, saw a modest decline of 1.2 points to 140.2. Notably, 37.0% of consumers reported that jobs were "plentiful," an increase from 33.6% in November, while those stating jobs were "hard to get" decreased slightly to 14.8% from 15.2%.
Conference Board
PR Newswire
These mixed sentiments suggest that while consumers recognize current economic strengths, there is growing concern about future conditions
In December 2024, the U.S. Consumer Confidence Index (CCI) experienced a decline, dropping 8.1 points to 104.7 from November's 112.8. This decrease was primarily due to a significant fall in the Expectations Index, which measures consumers' short-term outlook for income, business, and labor market conditions; it fell 12.6 points to 81.1, nearing the threshold that often signals a forthcoming recession. Despite this downturn, the Present Situation Index, reflecting consumers' assessment of current business and labor market conditions, saw a modest decline of 1.2 points to 140.2. Notably, 37.0% of consumers reported that jobs were "plentiful," an increase from 33.6% in November, while those stating jobs were "hard to get" decreased slightly to 14.8% from 15.2%.
Conference Board
PR Newswire
These mixed sentiments suggest that while consumers recognize current economic strengths, there is growing concern about future conditions
In December 2024, the U.S. Consumer Confidence Index (CCI) experienced a decline, dropping 8.1 points to 104.7 from November's 112.8. This decrease was primarily due to a significant fall in the Expectations Index, which measures consumers' short-term outlook for income, business, and labor market conditions; it fell 12.6 points to 81.1, nearing the threshold that often signals a forthcoming recession. Despite this downturn, the Present Situation Index, reflecting consumers' assessment of current business and labor market conditions, saw a modest decline of 1.2 points to 140.2. Notably, 37.0% of consumers reported that jobs were "plentiful," an increase from 33.6% in November, while those stating jobs were "hard to get" decreased slightly to 14.8% from 15.2%. Conference Board PR Newswire These mixed sentiments suggest that while consumers recognize current economic strengths, there is growing concern about future conditions
In December 2024, the U.S. Consumer Confidence Index declined to 104.7 from 112.8 in November, indicating reduced optimism among consumers. The Present Situation Index, reflecting current business and labor market conditions, decreased slightly to 140.2. The Expectations Index, which gauges short-term outlooks for income, business, and labor market conditions, fell to 81.1, nearing the threshold that often signals a potential recession. Despite this decline, consumer spending rose by 0.7% in November, contributing to a 3.1% annual economic growth rate in the previous quarter. Economists closely monitor these trends, as consumer spending accounts for about 70% of U.S. economic activity. #USConsumerConfidence
#USConsumerConfidence A packed week ahead in the financial markets as we usher in a new month with key #EconomicData points on the horizon! 🌎 From Japan's #CPI to the US #ISM Manufacturing #PMI, investors are on their toes. Highlights include #USConsumerConfidence showing optimism in the labor market, with the index expected to hold steady at 114.8. Meanwhile, #JapanCPI could signal a cautious approach from the #BoJ amidst #inflation trends. Stay tuned for a week full of insights! #MarketOutlook