Leading cryptocurrencies fell alongside stocks on Tuesday as President Donald Trump’s tariff threats threw risk-on markets into a tailspin.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | -3.95% | $88,951.35 |
| Ethereum (CRYPTO: ETH) |
-6.76% | $2,965.89 |
| XRP (CRYPTO: XRP) | -3.42% | $1.91 |
| Solana (CRYPTO: SOL) | -4.57% | $127.45 |
| Dogecoin (CRYPTO: DOGE) | -2.23% | $0.1254 |
Crypto Market Goes Into ‘Extreme Fear’
Bitcoin plunged below $88,000, with trading volume surging 76% over the last 24 hours.
The market sell-off spread widely, driving Ethereum’s price below $3,000 for the first time in three weeks. XRP and Dogecoin also recorded sharp declines.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and Coinbase Global Inc. (NASDAQ:COIN), closed down 7.76% and 5.57%, respectively
Roughly $1.7 billion was liquidated from the market in the last 24 hours, according to Coinglass, with a billion worth of levered longs evaporated.
Bitcoin’s open interest fell 1.22% in the last 24 hours, while total funds locked in Ethereum futures slid 3.22%.
The market sentiment worsened from “Fear” to “Extreme …