Bitcoin, Ethereum Slip, XRP, Dogecoin Flat Amid Trump Tariffs Strain: Analyst Says 'Matter Of Time' Before BTC Falls Below This Level
Leading cryptocurrencies bled alongside stocks on Monday, as new global tariffs and AI disruption fears sparked jitters.
| Bitcoin (CRYPTO: BTC) | -1.97% | $63,933.15 |
| Ethereum (CRYPTO: ETH) |
-2.17% | $1,835.04 |
| XRP (CRYPTO: XRP) | +0.74% | $1.34 |
| Solana (CRYPTO: SOL) | -1.79% | $77.29 |
| Dogecoin (CRYPTO: DOGE) | +0.69% | $0.09256 |
Crypto Woes Drag On
Bitcoin slipped below $64,000 as sell-off intensifies and leveraged liquidations jump. The apex cryptocurrency has now fallen nearly 50% from its all-time highs set in October.
Ethereum dropped to an intraday low of $1,813, as trading volume soared 86% in the last 24 hours. XRP and Dogecoin moved sideways.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ: MSTR) and Coinbase Global Inc. (NASDAQ: COIN), closed down 5.60% and 6.48%, respectively.
Over $466 million was liquidated from the market in the last 24 hours, with long liquidations accounting for the majority. Bitcoin alone recorded $233 million in liquidations.
Bitcoin’s open interest fell 0.94% over the past 24 hours, although the majority of Binance's retail and whale investors remained long on BTC as of this writing.
Market sentiment has plunged into “Extreme Fear,” according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 8:25 p.m. ET) |
| Power Protocol (POWER) | +18.81% | $0.5349 |
| pippin (PIPPIN) | +19.25% | $0.7414 |
| River (RIVER) | +19.23% | $9.02 |
The global cryptocurrency market capitalization stood at $2.23 trillion, following a decline of 3.31% over the past 24 hours.
Stocks Crack On Tariffs, AI Pressure
Stocks kicked off the new trading week with a jolt. The Dow Jones Industrial Average fell 821.91 points, or 1.66%, to close at 48,804.06. The S&P 500 slid 1.04% to end at 6,837.75, while the tech-focused Nasdaq Composite dropped 1.13% and ended at 22,627.27.
President Donald Trump's new 15% global tariff and fears of AI disruption weighed on the market.
Precious metals eased after the Sunday spike. Spot gold traded down 0.36% to $5,208 an ounce, while spot silver slid 1.15% to $87.14 an ounce.
Will Bitcoin Drop Below $60,000?
Killa, a widely followed cryptocurrency analyst and trader, said Bitcoin could bottom sooner than most people expect, potentially in July or August
"Buying BTC now is equivalent to buying $22,000 last cycle," the analyst stated.
Cracked the code…
— Killa
Why we bottom sooner than most expect.
We created a ATH pre-halving, that changed everything.
595D. 720D. The pattern points towards 840-900D.
Which means BTC bottoms in July/August.
Buying $BTC now is equivalent to buying 22K last cycle.
Another well-known X commentator, Jelle, noted Bitcoin's rejection on the 4-hour chart, adding, "Feels like sub-$60,000 is a matter of time at this point."
$BTC rejected from the key resistance – and made a lower low again.
— Jelle
Feels like sub-60k is a matter of time at this point.
Photo: Shutterstock/Sodel Vladyslav
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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