Summary:

Bitcoin's price rallied past $94,000 but quickly dropped below $84,000, eliminating all the gains from the previous surge. Other cryptocurrencies, including SOL, DOGE, ADA, and LINK, also experienced double-digit declines in the past 24 hours.

The volatility in the crypto market has been unexpected since the inauguration of Donald Trump. On Sunday, Trump confirmed plans for a crypto reserve, causing a surge in digital asset prices. However, as Trump's tariffs went into effect and military funding to Ukraine was paused, Bitcoin's price dropped to $82,500.

The entire crypto market is experiencing losses, with altcoins such as Ethereum, XRP, and SOL also seeing significant declines. The total crypto market cap has decreased by over $300 billion to under $2.9 trillion on CG.



Other News from Today