Cryptocurrencies faced a significant downturn as a new wave of tariff disputes unsettled markets already grappling with the impact of an emerging AI disruption trade. In the midst of a significant selloff in equity markets, the dollar has rebounded, causing fluctuations in precious metal prices and leaving bond yields directionless. Bitcoin has seen a decline, hitting a low of $62,709.82 in the last 24 hours. The largest cryptocurrency has seen a dramatic drop, plummeting over 50 percent from its peak price, while the overall crypto market capitalisation has also taken a hit, erasing more than 4 percent overnight. On Monday, outflows from U.S.-listed Bitcoin and Ethereum Spot ETF products heightened the markets’ anxiety. Concerns surrounding President Trump’s upcoming State of the Union Speech on Tuesday have also impacted market sentiment. Geopolitical tensions persist, coupled with concerns surrounding upcoming earnings updates, notably from chip giant NVIDIA. According to data, the past 24 hours have seen crypto liquidations totalling $365 million. This figure includes $295 million in long positions and $69 million in short positions. Liquidations occur when an exchange or lending protocol forcibly closes a trader’s leveraged position due to insufficient funds (margin or collateral) to cover potential losses.
The CMC Fear and Greed Index indicates a reading of 11, which signifies extreme fear. The index has seen a decline from 14 just a day prior, reflecting the prevailing bearish sentiment that spans various asset classes and regions. Market sentiment continues to feel the strain from tariff concerns and anxieties surrounding AI, leading to a significant drop in overall cryptocurrency market capitalisation, which has decreased by over 4 percent in the last 24 hours, now standing at $2.19 trillion. The 24-hour trading volume has surged by 19 percent overnight, reaching a total of $102 billion. The market capitalisation of stablecoins, known for their relative stability, saw a slight decline of 0.07 percent over the last 24 hours, bringing the total to $315 billion and reflecting a market share of 14.37 percent. Bitcoin holds a dominant market share of 57.76 percent, while Ethereum represents 10.06 percent of the total cryptocurrency market. Bitcoin, the leading cryptocurrency, is currently trading at $63,297.08, reflecting a decline of 4.6 percent. The present price sits approximately 50 percent beneath the all-time high of $126,198.07, which was reached on October 7, 2025. The original cryptocurrency has experienced a decline of 6.7 percent over the past week, bringing its year-to-date losses to over 27 percent.
On Monday, Bitcoin Spot ETF products in the U.S. experienced net outflows totalling $204 million, contrasting with the net inflows of $88 million recorded on Friday. The majority of the outflows came from the market leader, iShares Bitcoin Trust ETF, which saw a significant $116 million in outflows. Bitcoin remains firmly in the 13th position in the global ranking of all assets according to market capitalisation data. Ethereum has experienced a decline of 4.6 percent overnight, now trading at $1,826.24. The prominent alternative cryptocurrency is currently trading at 63 percent lower than its all-time high of $4,953.73, which was reached on August 25, 2025. The trading activity over the past 24 hours fluctuated between $1,935.41 and $1,813.22. On Monday, Ethereum Spot ETF products in the U.S. experienced net outflows totalling $50 million, a notable increase from zero outflows the previous day. The market leader, iShares Ethereum Trust ETF, experienced significant net outflows amounting to $45 million. In the latest update, Ethereum has fallen to the 86th position in the global ranking of all assets based on market capitalisation, according to a source. The 4th ranked XRP experienced a decline of 4.5 percent overnight, now trading at $1.33, which is approximately 65 percent lower than its all-time high of $3.84 reached on January 4, 2018.
BNB, currently holding the 5th rank, experienced a decline of 3.1 percent overnight, bringing its price down to $588.87. BNB is currently trading at a significant 57 percent below its all-time high of $1,370.55, which was reached on October 13, 2025. The 7th ranked Solana experienced a significant drop of 4.4 percent overnight, now sitting at $76.76. SOL is currently trading approximately 74 percent lower than its all-time high of $294.33, which was reached on January 19, 2025. TRON, currently ranked 8th overall, experienced a decline of 2.7 percent overnight and is now trading at $0.2802. The trading price currently sits at 36 percent below the cryptocurrency’s all-time high of $0.4407, which was recorded on December 4, 2024. Dogecoin, currently sitting at the 9th rank, experienced a decline of 5.1 percent overnight, with its trading price now at $0.0914. DOGE is currently trading at a staggering 88 percent below its peak price of $0.7376, which was reached on May 8, 2021. Bitcoin Cash, currently holding the 10th rank, has experienced a significant drop of 11.7 percent, now trading at $478.56. This figure marks an astonishing 89 percent decline from the cryptocurrency’s all-time high of $4,355.62, reached on December 20, 2017.