The main cryptocurrencies, including Bitcoin (BTC), Ethher (ETH), Solana’s Sol and XRP, were significantly reduced as Asia began their negotiation week.
In mid -morning by Hong Kong, BTC dropped 8%, quoting above $ 93,100, according to the data of the Coindesk indices.
Meanwhile, Ethher (ETH) has dropped almost 20%, quoting to $ 2,500, while Sol has dropped 13% to $ 184. XRP fell 28% and is quoted at $ 2.
The caramel data shows that in the last 12 hours almost $ 1.3 billion in long positions have been liquidated, with around $ 400 million in long ether positions and $ 300 million in long BTC positions.
Market correction comes from a commercial war that has apparently been lit by the president of the United States, Donald Trump, with 25% tariffs in Canada and Mexico.
Many market observers are skeptical about the benefits of tariffs, with an opinion article of the Wall Street Journal Editorial Board that calls it the “most silly commercial war in history” during the weekend.
Trump, on the other hand, dismissed criticism, in a series of publications about Truth Social during the weekend, suggesting that China financed critics.
