ETH Leads Crypto Liquidations; $450M Lost

The cryptocurrency market experienced significant losses on Friday, with Ethereum (ETH) leading the decline. Total liquidations reached $450 million, the highest in recent days, driven largely by ETH's price drop.

Ethereum Price Plunges Below $1,900

Following a rally earlier in the week that saw ETH briefly test the $2,100 level, spurred by positive news including a Trump-backed stablecoin launch and the Pectra upgrade, the market took a sharp downturn. President Trump's new tariff announcement triggered widespread selling, impacting Ethereum particularly hard. ETH's price fell by 6%, hitting a low of $1,870 before recovering slightly to around $1,895 at press time. Increased trading volume suggests potential for further selling pressure.

ETH Liquidations Top $136 Million

Data from Coinglass reveals that Ethereum accounted for $136.21 million of the total $449.89 million in crypto liquidations over the past 24 hours. This highlights the impact of the price drop on leveraged traders. Bitcoin (BTC) experienced $116.56 million in liquidations, while XRP saw $24.86 million.

The widespread losses across major cryptocurrencies, especially layer-1 altcoins, underscore the market's sensitivity to macroeconomic factors. Continued negative sentiment could lead to further price declines for Ethereum.

Frequently Asked Questions (FAQs)

• Why did Ethereum's price fall? Broader market sell-offs triggered by new U.S. tariffs caused the decline, increasing liquidations and bearish sentiment.
• How did Ethereum perform in liquidations? Ethereum led the market with $136.21 million in liquidations, exceeding Bitcoin and other major cryptocurrencies.
• What factors impacted Ethereum's price? Multiple factors affected the ETH price, including the Trump-backed stablecoin announcement, the Pectra upgrade, and macroeconomic concerns such as the new U.S. tariffs.

Disclaimer: This analysis reflects the author's opinion and is subject to market conditions. Conduct thorough research before investing in cryptocurrencies. Codeum is not responsible for personal financial losses.

Codeum Note: Codeum offers comprehensive blockchain security solutions, including smart contract audits, KYC verification, and custom smart contract development. Partner with us for secure and successful blockchain projects.