Crypto Market Crash: Here’s Why Bitcoin, ETH, XRP, SOL, ADA Are Falling Sharply

The crypto market crash on Monday triggered a sharp 5% fall in Bitcoin to a low of $64,350, erasing all recent gains and positive sentiment. Ethereum (ETH), XRP, BNB, SOL, DOGE, Cardano (ADA), and other top crypto assets also tumbled 6-10% in just a few hours.

The Crypto Fear & Greed Index falls back to ‘extreme fear’ of 5 after Trump raises global tariffs to 15%. The total crypto market cap crashes by almost 5% to $2.22 trillion, wiping out more than $100 billion in the past 24 hours amid massive liquidations by whales and institutions.

US stock market futures also extend losses, with the crypto stocks-heavy Nasdaq 100 down more than 1%. However, gold and silver prices are rising on US macro and economic growth concerns.

Crypto Market Crash: $350M in Bitcoin, ETH, XRP, SOL, ADA and Altcoins Liquidated in 1 Hour

Coinglass data revealed almost $470 million in total liquidations during the crypto market crash. Over 135K traders were liquidated in the past 24 hours, with the largest single BTC-USDT liquidation worth $61.51 million happening on HTX.

Over $435 million in long positions and $35 million in short positions were liquidated. Notably, more than $350 million in long positions liquidations occurred in just an hour during today’s crypto market crash.

Bitcoin, ETH, SOL, XRP, HYPE, DOGE, BNB, and ADA were among the most liquidated crypto assets in the past 24 hours. HTX, Bybit, and Hyperliquid led Binance in crypto long liquidations over the last 24 hours, indicating forced liquidations and leverage reductions.

Ethereum co-founder Vitalik Buterin is selling ETH faster again. In the past 2 days, he has sold 1,869 ETH worth $3.67 million. The last time Vitalik Buterin sold 6,958 ETH, Ethereum price crashed more than 22% from $2,360 to $1,825.

Donald Trump Tariffs Rattle Markets

US stock futures and the dollar fell, while gold and silver rose on Monday after US President Donald Trump raised global tariffs to 15% from 10%. This comes following the US Supreme Court’s decision to strike down Trump’s sweeping reciprocal tariffs.

It has sparked fresh uncertainty and volatility in global markets, hurting sentiment. Bitcoin also tanks below $65,000, causing the crypto market to crash amid renewed tariff jitters.

The slower Q4 GDP growth of 1.4% due to the government shutdown and tariffs and core PCE inflation of 3% also weighed on sentiment. This signaled the Fed will hold interest rates steady in the coming months.

Crypto Market Crash Risk Mounts amid On-Chain, Technical Data

According to Glassnode, the 7D-EMA of Net Realized Profit & Loss showed losses for short-term holders narrowed from –$1.24 billion/day in early February to –$0.48 billion/day until Sunday.

While the intensity has cooled, the broader regime still signals the crypto market remains under pressure, with participants in the base formation phase continuing to capitulate.

One massive bearish candle caused Bitcoin to break below $65,000 and ETH to drop below $1,850, leading to a rise in shorts of major crypto and altcoins.

Popular analyst Cheds Trading noted that Bitcoin is breaching lower Bollinger bands with momentum. Analyst Crypto Tony pointed out a worst-case scenario of a Bitcoin crash to $58K after a pump and rejection from $69,000.