The cryptocurrency market witnessed a brutal selloff over the last 24 hours, leading to a staggering Rs ₹11,598.4 crore or $1.35 billion in liquidations, as panic swept across traders amid global financial volatility. Data shows steep losses across nearly every major token, with Bitcoin, Ethereum, and altcoins all flashing deep red.
Bitcoin (BTC) slipped to $75,148, down 3.20% or over $2,480, while Ethereum (ETH) dropped nearly 6% to $1,450.93. Other major altcoins faced even steeper declines — XRP fell 7.02%, Solana (SOL) dropped 5.04% to $97.92, and Dogecoin (DOGE) crashed over 6% to $0.1334.
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ADA: Down 5.66% to $0.5248
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AVAX: Down 4.71% to $14.96
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BNB: Down 3.29% to $532.30
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LINK: Down 4.83% to $10.39
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LTC: Down 4.92% to $64.60
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AAVE: Down 5.48% to $116.52
The CoinDesk 20 Index (CD20) dropped 12%, underscoring a sector-wide move to de-risk. Analysts attribute the crash to heightened macroeconomic uncertainty, with investors reacting to U.S. President Donald Trump’s sweeping new tariffs and retaliatory threats from trading partners.
Highly leveraged positions were hit hardest, triggering nearly $1.35 billion in forced liquidations — one of the highest in recent months.
As the risk-off sentiment continues, safe-haven flows have surged toward gold and the Japanese yen, while technical support levels for key cryptos continue to break. With Asian and European equity markets also sliding, crypto traders brace for more volatility in the hours ahead.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Cryptocurrency markets are highly volatile and subject to rapid changes. Always conduct your own research or consult a financial advisor before making investment decisions.
