Leading cryptocurrencies fell alongside stocks on Tuesday as President Donald Trump’s tariff threats threw risk-on markets into a tailspin.
Cryptocurrency
Gains +/-
Price (Recorded at 8:20 p.m. ET)
Bitcoin (CRYPTO: BTC)
-3.95%
$88,951.35
Ethereum (CRYPTO: ETH)
-6.76%
$2,965.89
XRP (CRYPTO: XRP)
-3.42%
$1.91
Solana (CRYPTO: SOL)
-4.57%
$127.45
Dogecoin (CRYPTO: DOGE)
-2.23%
$0.1254
Crypto Market Goes Into ‘Extreme Fear’
Bitcoin plunged below $88,000, with trading volume surging 76% over the last 24 hours.
The market sell-off spread widely, driving Ethereum’s price below $3,000 for the first time in three weeks. XRP and Dogecoin also recorded sharp declines.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN), closed down 7.76% and 5.57%, respectively
Roughly $1.7 billion was liquidated from the market in the last 24 hours, according to Coinglass, with a billion worth of levered longs evaporated.
Bitcoin’s open interest fell 1.22% in the last 24 hours, while total funds locked in Ethereum futures slid 3.22%.
The market sentiment worsened from “Fear” to “Extreme …Full story available on Benzinga.com
