Bitcoin fell to the $92,000 level while Ethereum moved closer to $3,200 on Monday as global risk sentiment weakened, putting pressure on the broader cryptocurrency market. The fall came after fresh tariff threats reignited tensions between the US and the European Union, raising concerns about a possible trade dispute. The cryptocurrency and Ethereum were trading at $92,652 and $3,214 respectively.
In the past 24 hours, Bitcoin and Ethereum were down by 2.52% and 2.96% respectively. Among the major altcoins, BNB, XRP, Solana, Dogecoin, Cardano, and Hyperliquid fell over 7% in the same time period whereas Tron was up by 0.30%.
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Riya Sehgal, Research Analyst, Delta Exchange said the decline followed escalating tensions between the US and the EU after fresh tariff threats reignited fears of a trade conflict, adding to an already cautious environment shaped by delays to the US crypto market structure bill, cooling institutional inflows and the overall crypto market capitalisation slipped to around $3.13 trillion.
The global crypto market capitalisation edged down 2.77% to $3.13 trillion, according to CoinMarketCap.
Ethereum and Bitcoin were up by 1.72% and 0.56% respectively in the past week. In the same period, major altcoins such as BNB and Tron were up by 2% and 7.11% respectively whereas others such as XRP, Solana, Dogecoin, Cardano, and Hyperliquid were down by over 9%.
Nischal Shetty, Founder, WazirX said over the past 24 hours, the crypto market has reflected a clear shift in global risk sentiment, driven by rising macro uncertainty and renewed trade-related tensions. Bitcoin and major altcoins faced selling pressure as traders reduced exposure amid heightened uncertainty.
Shetty further said that overall, crypto markets are likely to remain choppy in the near term, with price action closely tied to global macro developments and shifts in risk appetite.
CoinSwitch Markets Desk: BTC traded sideways mainly between $94.5K and $96K, reflecting consolidation over the weekend after recent volatility, before breaking below $93K as markets reacted to renewed US-EU trade war concerns.
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CoinDCX Research Team: Nearly $780 million in long positions have been liquidated in the past 24 hours, with the largest single liquidation recorded being of Bitcoin of over $25 million on Hyperliquid. On the other hand, Ethereum is displaying massive strength with growth in new addresses, staking, and transactions per day.
Akshat Siddhant, Lead Quant Analyst, Mudrex: Bitcoin ETFs recorded strong inflows of over $1.42 billion, helping stabilise prices around the $92,000 level. Further support comes from strategy signalling continued accumulation.
Vikram Subburaj, CEO, Giottus: Avoid over-leveraging positions, prioritise liquid majors such as BTC and ETH, and stagger entries rather than chasing short-term moves. Patience and disciplined risk management remain key in a macro-driven environment.
(Disclaimer: The recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times.)
