The Sunday rally was short-lived as President Donald Trump’s tariff confirmation sent top cryptocurrencies down on Monday.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -8.09% | $86,051.25 |
| Ethereum (CRYPTO: ETH) |
-13.48% | $2,147.29 |
| Dogecoin (CRYPTO: DOGE) | -15.69% | $0.1991 |
What Happened: Bitcoin dumped to an intraday low of $85,081, a day after the announcement of a U.S. strategic cryptocurrency reserve powered it above $95,000.
Ethereum tanked over 13% to an intraday low of $2,097.08, erasing the Sunday upsides, while Dogecoin also took a U-turn, plunging over 15%.
The pullback liquidated $804 million from the cryptocurrency market in the last 24 hours, with $86 million in long positions wiped out.
However, over $1 billion in short positions risked liquidation if Bitcoin rebounded to around $92,300.
Bitcoin’s Open Interest plummeted 9.88% in the last 24 hours. Interestingly, Binance futures traders were buying the dip, with long positions surging to 69% of the total bets.
The Crypto Fear and Greed Index fell back into the “Extreme Fear” region, fuelling concerns of …
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