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When I woke up this morning, the cryptocurrency market was in chaos. Bitcoin, Ethereum, Solana—most of them are dropping across the board. The cause of today's decline seems to be multifaceted, with political uncertainty playing a significant role. I think market sentiment is also shaken up by U.S. tariff policies.
Looking at the numbers, the market capitalization has also taken a substantial hit. Trading volume is up, indicating active panic selling. The Fear and Greed Index has also dropped, showing that investors are quite scared. Over $900 million worth of positions were liquidated in just 24 hours, which is likely putting additional pressure on the market.
Regarding individual assets, Bitcoin is hovering around 66.86K, with dominance in the 55% range. Ethereum is down 0.20%, while Solana is up 1.36%. Overall, the cryptocurrency market is showing quite varied price movements. However, the downward trend of major coins remains unchanged. Tokens like Lido DAO seem to be falling quite a bit.
Today's decline is probably the result of multiple factors stacking up. As long as political uncertainty persists, the crypto market is likely to remain volatile and nervous. Many investors are probably waiting and watching.