The main crypto assets fell sharply

The cryptocurrency market started the week with a significant drop. The price of bitcoin BTC $91,435.56 Mezo Wrapped BTC -1.13% Market capitalization $52.96 million VOL. 24 hours $1.32 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 $3,107.88 Bridged Ether (StarkGate) -1.88% Market capitalization $71.43 million VOL. 24 hours $0.81 billion dropped by 7% to $ 3,100, and the tokens XRP $2.05 XRP -2.30% Market capitalization $124.57 billion VOL. 24 hours $0.19 billion , ADA $0.39 Cardano -3.92% Market capitalization $14.17 billion VOL. 24 hours $45.44 million , Solana SOL $138.27 Binance-Peg SOL -2.73% Market capitalization $0.15 billion VOL. 24 hours $0.52 billion and Dogecoin DOGE $0.14 Binance-Peg Dogecoin -3.30% Market capitalization $0.35 billion VOL. 24 hours $90.01 million 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.