Cryptocurrency prices continue to decline. Today’s market is quite tough. The overall market capitalization has dropped significantly, and trading volume is surging, so everyone is probably rushing to sell in panic. The fear index is also rising, indicating that investors are feeling anxious.

The main cause seems to be the impact of U.S. tariff issues. Uncertainty surrounding import tariffs is spreading, causing turbulence across the entire market. As a result, there have been billions of dollars worth of position liquidations within 24 hours in the crypto market. Many investors are worried about the ripple effect on the broader financial markets, making cryptocurrencies the most vulnerable to the damage.

Bitcoin is down 1.41% today, trading at 80.71K. Its dominance is at 57.31%, indicating widespread impact. Ethereum has fallen by 2.48%, Solana by 2.95%, and XRP by 2.37%. Sui and AAVE are also recording declines in the 3% range. However, there are some like DEXE that are slightly positive, so it’s not a complete wipeout.

During times like these, cryptocurrency declines are often driven by political uncertainty and market sentiment moving together. Looking at today’s movements, it seems that a short-term correction will likely continue.