Digital currency prices have experienced a noticeable decrease recently. Bitcoin has dropped by about 3% in the past 24 hours, while major altcoins like Ripple, Binance Coin, and Solana have seen a decrease of 4% to 5%. This sharp decline has pushed Bitcoin’s weekly performance to a negative 1.7%. Over $300 million of long positions in centralized exchanges have been liquidated. This decline is part of a broader risk-off movement among traders awaiting the impact of President Trump’s retaliatory tariffs. Recent economic data, including a decrease in consumer confidence and an increase in personal consumption expenditures index, have also contributed to this trend. Meanwhile, digital currencies acting as gold alternatives have benefited from these conditions, with their market value surpassing $1.4 billion.
