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Bitcoin & Ethereum Crash: What Happens, What Are the Reasons?
! Bitcoin & Ethereum Crash: What Happens?Thị The collapse of the cryptocurrency market has caused investors and traders to suffer heavy losses. This led to a 6.15% drop in market capitalization to $2.64 trillion. The drop was mainly due to Donald Trump's tariff proposals and the global trade war. In the midst of this, $714 million was knocked out of the market. Ongoing concerns have traders keeping an eye on Bitcoin's CME gap between 77K and 81K, as BTC could test these levels. As for the Fear & Greed Index, it currently warns of fear with a score of 21.
Bitcoin price drops to $79K
The price of Bitcoin has decreased by 6.40% in the past 24 hours, currently trading at $79,898.36. This marks a 14.69% decline since the beginning of the year. However, the 24-hour trading volume of BTC has increased by 3.83% to $69.36 billion, suggesting that traders are buying during the price drop.
Check out our Bitcoin Price Prediction 2025, 2026-2030 to understand the potential recovery path of BTC.
Tracking Altcoin: Is ETH facing the most difficulties?
Ethereum is one of the most heavily affected altcoins, dropping by 9.52% to 2,112.61 USD in just one day. Solana and XRP have also experienced significant declines, dropping by 8.52% and 8.47% respectively.
To see the price trend of ETH in the future, check out our Ethereum Price Prediction 2025, 2026-2030.
Top gainers
Despite the overall market decline, some Tokens still maintain growth.
Top discount codes
Register to get more updates on market trends.
Frequently Asked Questions
1. Which cryptocurrencies suffered the most damage today? TAO, VIRTUAL and STORY IP were the ones that suffered the most, with reductions exceeding 15%.
2. What is the current sentiment in the cryptocurrency market? The Fear & Greed Index is at 21, indicating strong investor fear amid the current market decline.
3. Bitcoin has recovered and is Bitcoin a good investment? Yes, Bitcoin will recover when market sentiment stabilizes from fear. And the current price drop makes it a good investment both in the short and long term.
Thank you for reading this article!
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