The main crypto assets fell sharply

The cryptocurrency market started the week with a significant drop. The price of bitcoin BTC $84,617.57 Bitcoin -0.90% Market capitalization $1.68 trillion VOL. 24 hours $0.7 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 $1,589.16 Bridged Ether (StarkGate) -1.18% Market capitalization $0.14 billion VOL. 24 hours $0.4 billion dropped by 7% to $ 3,100, and the tokens XRP $2.08 XRP -0.68% Market capitalization $121.53 billion VOL. 24 hours $0.16 billion , ADA $0.63 Cardano -0.02% Market capitalization $22.61 billion VOL. 24 hours $29.41 million , Solana SOL $133.97 Binance-Peg SOL -0.94% Market capitalization $0.15 billion VOL. 24 hours $0.4 billion and Dogecoin DOGE $0.16 Binance-Peg Dogecoin -0.34% Market capitalization $0.4 billion VOL. 24 hours $50.86 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.