The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InMajor cryptocurrencies, including Bitcoin and Ethereum, experienced a broad selloff, declining by approximately 4% within a 24-hour window. The downturn was primarily triggered by a combination of a weak US jobs report signaling economic cooling and heightened geopolitical tensions following a US airstrike campaign. Data from Coinglass revealed that 96,006 traders were liquidated, with total liquidations reaching $323.92 million. Other significant tokens such as Solana and XRP also faced downward pressure as investors retreated from volatile assets in favor of safety. This market retreat underscores a significant shift in sentiment driven by macroeconomic uncertainty and global instability.