Leading cryptocurrencies witnessed massive sell-offs on Sunday as President Donald Trump’s tariff war pounded capital markets.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -7.99% | $93,219.10 |
| Ethereum (CRYPTO: ETH) |
-25.01% | $2,378.31 |
| Dogecoin (CRYPTO: DOGE) | -26.69% | $0.2147 |
What Happened: Bitcoin was in free fall, crashing below $92,000 for the first time since January 13, before recouping to $93,000. The leading cryptocurrency lost nearly 8% of its value over the last 24 hours.
The rest of the market was hit more severely. Ethereum plunged over 25% to a nearly 3-month low, while Dogecoin plummeted 26%.
The market has been rough after Trump slapped tariffs on key trade partners, a move that could disrupt key supply chains across the North American region and impact economies.
The cryptocurrency market bled profusely, encountering over $2 billion in the last 24 hours and over $1 billion getting wiped out in the last 4 hours.
Bitcoin’s Open Interest fell 4.72% in the last 24 hours, suggesting large-scale liquidation of longs.
However, the number of traders …
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