The main crypto assets fell sharply

The cryptocurrency market started the week with a significant drop. The price of bitcoin BTC $96,543.34 Bitcoin -2.49% Market capitalization $1.91 trillion VOL. 24 hours $2.65 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 $2,734.38 Bridged Ether (StarkGate) -2.82% Market capitalization $0.24 billion VOL. 24 hours $2.45 billion dropped by 7% to $ 3,100, and the tokens XRP $2.58 XRP -3.48% Market capitalization $149.59 billion VOL. 24 hours $0.56 billion , ADA $0.77 Cardano -4.89% Market capitalization $27.58 billion VOL. 24 hours $0.12 billion , Solana SOL $173.60 Solana -2.44% Market capitalization $84.84 billion VOL. 24 hours $0.59 billion and Dogecoin DOGE $0.03 Department Of Government Efficiency -5.65% Market capitalization $29.24 million VOL. 24 hours $0.28 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.