The main crypto assets fell sharply

The cryptocurrency market started the week with a significant drop. The price of bitcoin BTC $112,187.00 Mezo Wrapped BTC -2.22% Market capitalization $38.21 million VOL. 24 hours $3.61 billion dropped below $ 100,000. After a relatively stable weekend, when the price of the flagship cryptocurrency held at $ 105,000, on Monday morning trading in Asia led to a decline to $ 99,700, which is a 5% loss overnight. The market capitalization of the leading digital token fell below the $ 2 trillion mark.

Altcoins suffered even greater losses. Ethereum ETH $4,107.06 Bridged Ether (StarkGate) -3.66% Market capitalization $99.91 million VOL. 24 hours $3.91 billion dropped by 7% to $ 3,100, and the tokens XRP $2.49 XRP -4.83% Market capitalization $149.26 billion VOL. 24 hours $0.58 billion , ADA $0.69 Cardano -5.23% Market capitalization $25.35 billion VOL. 24 hours $0.2 billion , Solana SOL $201.69 Binance-Peg SOL -4.39% Market capitalization $0.22 billion VOL. 24 hours $1.45 billion and Dogecoin DOGE $0.20 Binance-Peg Dogecoin -5.59% Market capitalization $0.52 billion VOL. 24 hours $0.56 billion lost 10% to 15% of their value. Most of the major cryptocurrencies are showing double-digit percentage declines, reflecting the overall market volatility.

CoinGlass data indicates mass liquidations. Over the past day, more than $ 600 million worth of positions were liquidated, of which $ 560 million was lost in the last 12 hours. The largest single liquidated position amounted to $ 98.46 million and was recorded on the HTX platform in the BTC/USDT pair.

The sharp fluctuations in cryptocurrency rates are a reminder of the high risks of investing in the digital asset sector. Analysts recommend that investors take a balanced approach to assessing market dynamics and avoid excessive risks.