Dogecoin (DOGE) and ether (ETH) experienced a 9% drop in the past 24 hours, while bitcoin (BTC) stumbled by 4.5%, dipping below $80,000. This led to a sell-off that wiped out $700 million in long positions, with leveraged traders losing significant amounts in BTC, ETH, and DOGE. Other cryptocurrencies, such as Solana (SOL) and XRP, also saw losses. The sell-off was driven by concerns over U.S. trade tariffs and fears of a recession. The Crypto Fear & Greed Index suggests that capitulation could lead to a relief rally. However, some signals, such as Treasury yields and the strength of the U.S. dollar, provide hope for further positioning.



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