Crypto Market Sees $534M in Liquidations Amid Renewed Tariff Tensions

The crypto market has recently seen a massive decline as the overall market capitalization has reached $3.02T after a 4.23% correction. As per the data from CryptoRank, total crypto liquidations over the last 24 hours account for up to $534M because of tariff tensions.

On the other hand, the 24-hour spot volume has jumped by 5.65% to touch the $73.57B mark. However, reflecting the overall crypto dip, the Fear & Greed Index also stands at 34, signifying “Fear,” with the majority of the top crypto assets experiencing sheer slumps.

$BTC Dominance Dips by 0.52% While $ETH Dominance Sees 1.76% Decline

CryptoRank’s data indicates a decrease in Bitcoin’s market dominance during the recent 24 hours. The market dominance of the leading crypto asset, Bitcoin ($BTC) has plunged by 0.52% to reach 57.76%. In addition to this, Bitcoin’s price has also recorded a 4.55% decrease, reaching $88,057.

In the case of Ethereum ($ETH), a 1.76% slump has taken place in market dominance that stands at 8.65% at present. Simultaneously, the crypto token’s price accounts for $2,168 following a 5.74% dip.

Major Crypto Assets Like $SOL, $ADA, $BNB, $TRX, and $DOGE Experience Huge Losses

Apart from this, the other major cryptocurrencies have also witnessed huge losses. Particularly, $SOL’s price accounts for a 4.27% decrease and $ADA has decreased by 7.15%. Another notable crypto token is $TRX which has seen a 2.66% decline. Additionally, $BNB and $XRP show 1.34% and 0.84% price dips respectively. Along with that, the top memecoin $DOGE has gone through a 7.91% plunge in its price.

Small-Cap Cryptos Surge as Large-Caps Dipped

Amid such fluctuating crypto market trends, the small-cap crypto gainers including $A47, $AVL, $REZ, $BLZ, and $XTER have surged significantly. Specifically, $A47, $AVL, and $REZ saw 108%, 47.9%, and 47.9% jump over the past 24 hours. Subsequently, $BLZ and $XTER recorded 43.2% and 30.2% spikes.

If we look at the other side of the coin, large-cap crypto assets have also experienced noteworthy losses. Particularly, $TEL, $ONDO, and $S show 14.8%, 13.5%, and 12.9% price decreases. Following that, $AAVE and $MKR signify 11.5% and 10.6% losses in total.

DoubleZero, Seismic, and Combinder Gain $28M, $7.0M, and $500K in Funding

According to CryptoRank, the recent crypto funding rounds include DoubleZero, Seismic, and Combinder. DoubleZero has effectively gained $28M in funding while Seismic accounts for $7.0M in total funding.

On the other hand, Combinder has attained funding of up to $500K. Nevertheless, the wider declines in the crypto market have raised concerns about the upcoming developments, influencing investor sentiment.