The main crypto assets fell sharply

The cryptocurrency market started the week with a significant drop. The price of bitcoin BTC $107,109.54 Bitcoin 1.74% Market capitalization $2.13 trillion VOL. 24 hours $1.01 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 $2,626.50 Bridged Ether (StarkGate) 4.26% Market capitalization $0.16 billion VOL. 24 hours $1.13 billion dropped by 7% to $ 3,100, and the tokens XRP $2.20 XRP 2.36% Market capitalization $129.44 billion VOL. 24 hours $0.15 billion , ADA $0.65 Cardano 3.69% Market capitalization $23.38 billion VOL. 24 hours $39.37 million , Solana SOL $157.06 Binance-Peg SOL 8.21% Market capitalization $0.17 billion VOL. 24 hours $0.55 billion and Dogecoin DOGE $0.18 Binance-Peg Dogecoin 1.82% Market capitalization $0.46 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.