When I woke up this morning, I thought cryptocurrencies were fluctuating again, and when I checked the market, it was in a pretty severe situation. The market cap is dropping, and trading volume has suddenly increased. It's clear that panic selling is happening, and the fear index is also rising.

I wondered why this was happening, and it seems that political uncertainty is a major factor. Since the tariffs issue came up, market sentiment has been shaken. In addition, there was a large amount of position liquidation in a short period. Investors are worried about the ripple effect on the entire financial market, and I think that impact is most visible in cryptocurrencies.

Bitcoin has dropped significantly today, and its dominance is also decreasing. As a result, altcoins are also adjusting across the board. Ethereum, Solana, XRP, and others are also under downward pressure.

However, even in this overall tough environment, some assets are moving independently. IP tokens are rising, and DEXE and PAXG are gradually increasing. Meanwhile, Lido DAO is declining, leading the market downturn, and SUI and AAVE are also experiencing losses.

Ultimately, I think today's decline in cryptocurrencies is due to over $914 million in liquidations, rising fear levels, and political uncertainty all piling up. It seems necessary to keep a close eye on how the market reacts in the coming days.