Warpcast

Bitcoin plummets to $93,000; Ethereum, memecoins fall 15%

🔸The cryptocurrency market started the week with a heavy fall. Bitcoin (BTC) hit a daily low of $93,000, while Ethereum (ETH) and top memecoins lost about 15% of their value.

🔸The fall coincided with the announcement of new tariffs by Donald Trump, which has increased concerns about the start of a new trade war. In the wake of these developments, the total value of the cryptocurrency market fell 9.5% to $3.04 trillion, while trading volume increased 182% to $286.91 billion.

🔸Data from CoinGlass shows that Bitcoin has seen $397 million in positions liquidated in the past 24 hours.  Meanwhile, Ethereum fell 18% to $2,551, with $576 million in liquidation in the past day.

🔸Market analysts remain divided on the future of cryptocurrency prices; some expect an improvement, while others suggest a further decline.🫠👀