The main crypto assets fell sharply

The cryptocurrency market started the week with a significant drop. The price of bitcoin BTC $77,336.41 Mezo Wrapped BTC 1.37% Market capitalization $76.76 million VOL. 24 hours $0.9 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 $2,139.13 Bridged Ether (StarkGate) 1.31% Market capitalization $38.06 million VOL. 24 hours $0.42 billion dropped by 7% to $ 3,100, and the tokens XRP $1.38 XRP 1.97% Market capitalization $85.27 billion VOL. 24 hours $88.59 million , ADA $0.25 Binance-Peg Cardano 1.21% Market capitalization $0.11 billion VOL. 24 hours $20.68 million , Solana SOL $86.50 Binance-Peg SOL 2.61% Market capitalization $95.16 million VOL. 24 hours $0.21 billion and Dogecoin DOGE $0.10 Binance-Peg Dogecoin 1.94% Market capitalization $0.27 billion VOL. 24 hours $40.48 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.