US markets recently opened lower and Bitcoin 
$103,002.58 price It fell below 103 thousand dollars. While this week has already been terrible for altcoins, now the deepening of the decline may bring bigger bottoms. Galaxy Research, on the other hand, draws attention to the loss of value in the 100 largest cryptocurrencies.
Top 100 Cryptocurrencies
The top 100 companies that entered the market in the last few years cryptocurrency We witnessed that the startups that quickly joined the ranks fell away one by one. The decline of highly ambitious projects to valuations of a few hundred million dollars caused disappointment for investors expecting 10x.
The previous report explained how South Korean investors were reacting as a result of this disappointment. from cryptocurrencies We have discussed in detail how he moved away. Galaxy Research, on the other hand, draws attention to the destruction experienced in the top 100 cryptocurrencies.
72 out of 100 cryptocurrencies are at least 50% below their record highs. Although Bitcoin is still close to the record, this decline experienced by altcoins and the largest ones almost shows that investors are expecting bulls in a bear market environment.
LEO Relatively the best performing cryptocurrency on the list. It is even better than BTC. It is followed by M, ETH, BNB and XMR. At the end of the list are FIL, ICP, GRT, TIA, IMX. The situation is a little different for ICP because there is no possibility of it returning to four-digit prices, so it is necessary to evaluate its loss accordingly.
Cryptocurrencies Latest Status
Bitcoin It is about to lose $102,000 again and the sell-off to $100,400 may extend. Trump will make a statement at 19:00, there may be a change in sentiment depending on its content. Stock Exchange and cryptocurrencies It started to be negatively affected by the closure. Trump, who wants the continued growth in the field of artificial intelligence, crypto and technology, expressed this yesterday and may decide to do something to end the shutdown.
A long position worth $20 million was liquidated in the last hour. Although liquidations have decreased significantly, open positions are also weakening. Short positions are dominant and a new downward wave will present an easy profit opportunity for the bears.
