CandleFocus Crypto Sell-Off : Crypto Liquidation Tops $334M as Bitcoin and Ethereum Prices Crash
2025-03-10
Author: Content Editor
The crypto market is experiencing a downturn as traders react to tariff and Trump's Bitcoin Reserve order. Bitcoin has fallen by 4.8% to $81,729, while Ethereum has dropped 8% to around $2,000. Dogecoin is the biggest loser, sliding 13% to $0.16. Despite the hype surrounding Trump's Executive Order for a Strategic Bitcoin Reserve, the market has not responded positively, possibly due to the lack of allocated budget for Bitcoin purchases. The market downturn has also triggered significant liquidations, affecting over 109,704 traders and totaling $334 million. Bitcoin, Ethereum, and XRP are struggling, and altcoins like Solana, Cardano, Dogecoin, Sui, and Litecoin have also faced sell-offs. Trump's crypto reserve plan, which includes ADA, XRP, and SOL, is facing pushback from industry leaders who believe Bitcoin should remain the primary reserve asset. Overall, the sentiment in the market is weak, with trading volume down.
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