At 12:30 Moscow time, the price of the first cryptocurrency was $88,931.99, having lost 7.5% over the day.
Altcoins also showed a significant decrease. Ethereum fell by 12.8%, dropping to $2,397.98. Other cryptocurrencies lost more than 10% of their value. The total value of market assets per day decreased by 10.1%, to $2.99 trillion. The volume of cryptocurrency trading amounted to $201 billion. Against the background of the collapse, investors lost more than $ 1 billion.
Photo: ru.freepik.com
As noted by RBC, the index of fear and greed in the cryptocurrency market fell sharply from a neutral level to the "extreme fear" zone, reaching 25 points out of 100. This indicates that market participants are feeling very anxious and actively getting rid of risky assets.
Experts cite investor concerns about the imposition of trade duties in the United States as one of the reasons for the drop in quotations. On the eve, plans to impose tariffs on Mexico and Canada were officially confirmed.
The situation could also be affected by the recent major hacking of the Bybit exchange, the second largest trading operation after Binance, which became the largest in the history of cryptocurrencies.
