Both coins updated the lowest price level held since the end of 2024, until the election of US President Donald Trump in November 2024, whose administration is focused on the development of cryptocurrencies, RBC reported.
Until then, the annual minimum was at $60,000, according to cryptocurrency exchange Binance, reached in early February amid escalating conflict in the Middle East.
The total capitalization of the crypto market has fallen to the same minimum values observed at the end of 2024 – about $2.1 trillion. Almost all major altcoins also lost in price, dropping by as much as 50%.
In the past 24 hours, cryptocurrency exchanges liquidated the positions of 264,000 traders for a total of $1.3 billion, according to Coinglass. Of that amount, more than $1 billion went to long positions (longs) opened by those who bet on the growth of rates. The bitcoin and Ethereum markets accounted for more than $700 million in losses.
Indicators on liquidations of trading positions repeat the dynamics of losses of crypto traders on June 2 and 3, when the total losses amounted to $1.85 billion and more than $1.6 billion, respectively.
