The major cryptocurrency, including Bitcoin (BTC), ether (ETH), Solana soil and XRP, were all considerably decreasing while Asia began its week of negotiation.
At Hong Kong time in the middle of the morning, the BTC dropped by 8%, a merchant over $ 93,100, according to Coindesk Indices data.
Meanwhile, Ether (ETH) is down by almost 20%, trading at $ 2,500, while Sol is down 13% to $ 184. XRP is down 28% and is negotiated at $ 2.
The Coindesk 20 (CD20), an index of the largest digital assets, is down by almost 17%. Trump’s same (Trump) is down 12%.
Coinglass data show that in the last 12 hours, nearly $ 1.3 billion in long positions have been liquidated, with around $ 400 million in long -term ether positions and $ 300 million in BTC positions .
Market correction stems from a trade war that has apparently been ignited by US President Donald Trump with 25% of prices placed in Canada and Mexico.
Many market observers are skeptical about the benefits of prices, with an editorial of the Wall Street Journal editorial committee qualifying it as “the stupidness war” during the weekend.
Brussels said the European Union would react firmly at all prices imposed on its Member States.
“Prices create unnecessary economic disruption and stimulate inflation. They are injuring all parties, “said Politico, said a spokesperson.
The United Kingdom seems to be the only nation to get a stay of prices, Trump saying that an agreement can be “concluded” according to the BBC.
Trump, for his part, rejected criticism, in a series of messages on Truth Social during the weekend, suggesting that criticisms were funded by China.
