The main crypto assets fell sharply

The cryptocurrency market started the week with a significant drop. The price of bitcoin BTC $67,515.03 Mezo Wrapped BTC 1.78% Market capitalization $38.26 million VOL. 24 hours $1.11 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 $1,985.58 Bridged Ether (StarkGate) 2.16% Market capitalization $45.42 million VOL. 24 hours $0.43 billion dropped by 7% to $ 3,100, and the tokens XRP $1.44 XRP 2.09% Market capitalization $87.91 billion VOL. 24 hours $0.1 billion , ADA $0.28 Binance-Peg Cardano -0.43% Market capitalization $0.13 billion VOL. 24 hours $20.05 million , Solana SOL $86.06 Binance-Peg SOL 3.45% Market capitalization $94.67 million VOL. 24 hours $0.19 billion and Dogecoin DOGE $0.10 Binance-Peg Dogecoin 0.42% Market capitalization $0.26 billion VOL. 24 hours $46.39 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.