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#数字资产市场动态 The crypto world exploded today. Rumors of tariffs from the US have caused global investors to start selling risk assets, and cryptocurrencies are no exception, taking the brunt of the sell-off.
Looking at the performance of specific coins, the situation is quite grim. Bitcoin has been falling from yesterday's high, currently at $92,531, down 3.6%, and it even briefly broke below the critical support level of $92,000—this is a dangerous signal for short-term traders. Ethereum was not spared either, dropping 4.9% to $3,208. The most painful is Solana, which fell 8.6%, making it the worst performer among mainstream assets.
On a more intuitive digital level: CoinGecko data shows that in the past 24 hours, the total market capitalization of the global crypto market evaporated by $100 billion, and the long positions in the futures market were liquidated to the tune of $790 million. Such concentrated selling pressure is rare in the short term.
Interestingly, this wave is not unique to cryptocurrencies. During the same period, international gold prices surged to a historic high of $4,676 per ounce, indicating that the entire market is moving towards safe-haven assets, shifting from high-risk assets to traditional safe havens like gold. BTC Markets analyst Rachael Lucas believes that if the $92,000 barrier cannot be held, Bitcoin may head straight for the $90,000 mark. However, the subsequent movements of institutional funds will be the real determinant of where the market bottom is.