The main crypto assets fell sharply

The cryptocurrency market started the week with a significant drop. The price of bitcoin BTC $82,886.64 Bitcoin 4.67% Market capitalization $1.65 trillion VOL. 24 hours $2.58 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 $1,572.50 Bridged Ether (StarkGate) 4.15% Market capitalization $0.14 billion VOL. 24 hours $0.97 billion dropped by 7% to $ 3,100, and the tokens XRP $2.02 XRP 3.22% Market capitalization $117.45 billion VOL. 24 hours $0.33 billion , ADA $0.62 Cardano 5.06% Market capitalization $22.4 billion VOL. 24 hours $95.76 million , Solana SOL $120.13 Binance-Peg SOL 9.90% Market capitalization $0.13 billion VOL. 24 hours $0.51 billion and Dogecoin DOGE $0.16 Binance-Peg Dogecoin 5.34% Market capitalization $0.41 billion VOL. 24 hours $0.12 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.