Crypto Market Sees $534M in Liquidations Amid Renewed Tariff Tensions
The post Crypto Market Sees $534M in Liquidations Amid Renewed Tariff Tensions appeared on BitcoinEthereumNews.com.
The crypto market has recently seen a massive decline as the overall market capitalization has reached $3.02T after a 4.23% correction. As per the data from CryptoRank, total crypto liquidations over the last 24 hours account for up to $534M because of tariff tensions. 📉Market Overview The US stock market dropped $1.15B due to tariff tensions, while $BTC and $ETH fell only 5%, buoyed by news of Trump establishing a crypto reserve at today’s Crypto Summit. Market Cap: $3.02T24h Liquidation: $534MBTC dominance: 57.76% 👉 Latest News -… pic.twitter.com/XMDFuRTQOb — CryptoRank.io (@CryptoRank_io) March 7, 2025 On the other hand, the 24-hour spot volume has jumped by 5.65% to touch the $73.57B mark. However, reflecting the overall crypto dip, the Fear & Greed Index also stands at 34, signifying “Fear,” with the majority of the top crypto assets experiencing sheer slumps. $BTC Dominance Dips by 0.52% While $ETH Dominance Sees 1.76% Decline CryptoRank’s data indicates a decrease in Bitcoin’s market dominance during the recent 24 hours. The market dominance of the leading crypto asset, Bitcoin ($BTC) has plunged by 0.52% to reach 57.76%. In addition to this, Bitcoin’s price has also recorded a 4.55% decrease, reaching $88,057. In the case of Ethereum ($ETH), a 1.76% slump has taken place in market dominance that stands at 8.65% at present. Simultaneously, the crypto token’s price accounts for $2,168 following a 5.74% dip. Major Crypto Assets Like $SOL, $ADA, $BNB, $TRX, and $DOGE Experience Huge Losses Apart from this, the other major cryptocurrencies have also witnessed huge losses. Particularly, $SOL’s price accounts for a 4.27% decrease and $ADA has decreased by 7.15%. Another notable crypto token is $TRX which has seen a 2.66% decline. Additionally, $BNB and $XRP show 1.34% and 0.84% price dips respectively. Along with that, the top memecoin $DOGE has gone through…
Filed under: News - @ March 7, 2025 10:25 pm