The digital currency market faced a severe decline today, with the total market value dropping by 4.90% to $2.99 trillion. At the same time, trading volume increased by 75.57% to $143.57 billion, indicating widespread selling due to investor panic. The fear and greed index also plummeted to 29, adding to market concerns. Donald Trump’s remarks on imposing tariffs on Canada and Mexico have heightened economic uncertainties. Moreover, over $914 million of liquidated positions in the past 24 hours have put selling pressure on the market. The price of Bitcoin has dropped to the $89,000 range, and altcoins like Ethereum, Solana, and Ripple have experienced price decreases of 8.24%, 12.02%, and 8.41% respectively. Meanwhile, IP token saw the highest increase of 27.20%, while Lido DAO suffered the biggest decrease of 14.48%.
