The major cryptocurrencies including Bitcoin (BTC), Ether (ETH), Solana’s Sol, and XRP are all significantly dropped as Asia begins its trading week.
By mid -morning Hong Kong time, BTC dropped 8%, trading above $ 93,100, according to The data of coindesk indices.
Meanwhile, meanwhile Ether (Ether) drops almost 20%trading at $ 2,500, while Sol dropped 13% to $ 184. XRP drops 28% and trading at $ 2.
Data from coinglass It has been shown that in the last 12 hours nearly $ 1.3 billion in the long position has been -liquidated, with nearly $ 400 million in long ether’s position and $ 300 million in BTC’s long position.
Market correction comes from a Trade war That seems to be ignored by US President Donald Trump with 25% tariffs placed in Canada and Mexico.
Many observers in the market are skeptical about the benefits of tariffs, with a Wall Street Journal Editorial Board OP-Ed This is called the “worst trade war in history” this weekend.
Trump, for his part, removed the criticism, In a series of social reality posts over the weekendsuggests that critics are funded by China.
