• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Coin
  • Exchanges
    • Cex Listing
      • Cex Spot
      • Cex Derivatives
    • Dex Listing
      • Dex Spot
      • Dex Derivatives
    • EdaFace Dex
  • Verification Centre
    • Scam Verification
    • List Your Projects
    • EdaFace Launchpad
  • Marketplaces
    • NFT Marketplace
    • Blockchain Literature
    • EdaFace Mall
    • P2P Market
    • Metaverse
  • EdaFace Academy
    • School of Cryptocurrencies
    • EdaFace Newsfeed
    • Digital Clinic
    • EdaFace Tutor
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Coin
  • Exchanges
    • Cex Listing
      • Cex Spot
      • Cex Derivatives
    • Dex Listing
      • Dex Spot
      • Dex Derivatives
    • EdaFace Dex
  • Verification Centre
    • Scam Verification
    • List Your Projects
    • EdaFace Launchpad
  • Marketplaces
    • NFT Marketplace
    • Blockchain Literature
    • EdaFace Mall
    • P2P Market
    • Metaverse
  • EdaFace Academy
    • School of Cryptocurrencies
    • EdaFace Newsfeed
    • Digital Clinic
    • EdaFace Tutor
Reading: Crypto Markets Crumble as $1.18 Billion Vanishes in 24 Hours
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Crypto News > Crypto Markets Crumble as $1.18 Billion Vanishes in 24 Hours
Crypto News

Crypto Markets Crumble as $1.18 Billion Vanishes in 24 Hours

vitalclick
Last updated: February 3, 2025 1:22 am
8 months ago
Share
SHARE

Cryptocurrency markets are in the red today, with major coins experiencing major price declines. Bitcoin (BTC) is currently priced at $96,636.4, down by 4.52%, while Ethereum (ETH) sits at $2,826.76, showing a 10.28% drop. Solana (SOL) is trading at $198.03, down 8.48%. Meanwhile, altcoins like XRP and Dogecoin (DOGE) are facing even steeper losses, with XRP at $2.32 (-20.62%) and DOGE at $0.2526 (-19.05%) in the last 24 hours.

The overall market capitalization has dropped to $3.21 trillion, down by 6.50%. The Fear & Greed Index is at 47, signaling fear in the market, while the CMC100 index is down 8.07%, now sitting at $195.19. Bitcoin continues to dominate the market with a dominance of 59.89%, followed by Ethereum at 10.64%. 

The downturn in cryptocurrency prices coincides with increased geopolitical tensions, particularly the new tariffs imposed by the U.S. on several countries. These trade tensions, along with ongoing economic uncertainty, are causing investors to shift their portfolios away from risk-heavy assets like cryptocurrencies. Over the weekend, Trump announced new tariffs on Mexican, Canadian, and Chinese imports, adding to the already fragile global trade environment.

Liquidation Heatmap Shows Significant Losses

As of the latest 4-hour liquidation heatmap, the total liquidations across multiple exchanges have reached staggering amounts. Ethereum (ETH) leads the way with over $111 million in liquidations, followed by Bitcoin (BTC) at $62 million. Other cryptocurrencies such as XRP, Dogecoin (DOGE), and Solana (SOL) have also seen considerable liquidation volumes. In the past 24 hours, the total liquidations have reached $1.19 billion.

‘

You Might Also Like

Top Mathematician Predicts 150X Bitcoin Gains, Sets $1 Million Target for 2034

Crypto Firms Fight DOJ Over Developer Code Crackdown

Donald Trump Wants To Send A MAGA Hat To Kamala Harris

Fed Chair Powell’s ‘Time Has Come for Rate Cut’ Fuels Crypto Rally

Trump announced, prices jumped: Peace wind in the Middle East died for crypto currencies

TAGGED:CryptoNews
Share This Article
Facebook Twitter Email Print
Previous Article XRP Price Prediction For February 3
Next Article Why is Bitcoin falling? The double hill goal can make you forget the last decline!
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?