The crypto market isn’t calming down. Tariff fears are causing further sell-offs. An overview of Bitcoin, Ethereum, and others.
Concerns about further escalation in the US tariff war are leaving a red flag on the crypto market. Total market capitalization slipped three percent to $2.7 trillion as of Monday.
Bitcoin fell 1.3 percent to $82,150. The largest cryptocurrency is now down around six percent week-on-week.
Ethereum plummeted two percent to $1,800. Compared to the previous week, the Ether price has lost around twelve percent.
With the exception of Tron, which rose one percentage point, none of the top 10 coins is in positive territory. The largest declines were seen by Cardano and XRP, each with price declines of 3.5 percent.
The largest price losses among the 100 largest cryptocurrencies were seen by Tokenize Xchange (down 15 percent), Pi Network (down eight percent), and Movement (down eight percent).
On the other hand, price gainers in the last 24 hours include Toncoin, EOS, and Flare, with increases of up to three percent.
At 34 points, the Crypto Fear and Greed Index remains in the “fear” range.
This is also due to the fear of many investors about an escalation of the trade conflict with the US. Further tariff announcements from Donald Trump are expected this Wednesday. Markets are likely to take cover again before then.
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