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#Recent Market Analysis Crypto markets fell as Trump’s tariff plans shook investors; Bitcoin fell to $82,000, Ethereum fell by 7%.
Bitcoin briefly touched a low of $82,000 before falling by nearly 4% to $85,107.
Meanwhile, Ethereum fell even more sharply, falling 7% to $2,308.
The total value of the cryptocurrency market fell by 5% to $2.79 trillion.
Cryptocurrency markets took a hit today; Bitcoin (BTC) fell to a daily low of $82,000, while Ethereum (ETH), Solana (SOL) and XRP continued their losses, falling between 3% and 7%.
This decline comes amid increasing macroeconomic uncertainty due to US President Donald Trump’s move to impose new tariffs on the European Union, and fears of a global trade war are growing.
The cautious reaction from investors has led to liquidations of over $700 million in the cryptocurrency market in the last 24 hours.
Bitcoin and Ethereum lead the decline
Bitcoin’s price briefly fell to $82,000 before falling nearly 4% to $85,107 as of press time.
The fact that liquidations in BTC alone are $460.86 million highlights the fragility of the market.
Ethereum, meanwhile, saw a steeper decline, falling 7% to $2,308.
ETH fell to an intraday low of $2,255 before attempting a slight recovery, but its market dominance has been reduced by 10%.
Altcoins in the red as market cap falls
XRP: Down more than 5% to $2.18 as 370 million XRP were sold as a result of whale activity.
Solana (SOL): Down 4% to $137, with $27.75 million in liquidations.
Dogecoin (DOGE): Down 2.5% to $0.2045, Shiba Inu (SHIB) and Pepe Coin (PEPE) traded near previous levels.
The total value of the cryptocurrency market fell 5% to $2.79 trillion, while trading volume fell 19% to $153.54 billion. This suggests a tendency to avoid risk among investors.
While most cryptocurrencies are facing losses, a few altcoins have bucked the trend:
KAITO: Up 40% to $2.44
IP: Up 20% to $6.63
OP: Up 11% to $1.20
Biggest losers of the day
Kaspa (KAS): down -7% to $0.08588
Ronin (RON): down -6% to $0.982
#BTC #ETH