Key notes
- Coinglass data reveals more than $ 600 million in crypto-market liquidations in the last 24 hours, with $ 500 million long liquidations.
- Despite recent bullish drivers such as FNB entrances and stablescoin legislation, increased volatility and macroeconomic concerns have been strongly weighed on the market.
- The former CEO of Bitmex, Arthur Hayes, plans a great season of Altcoin this summer, Ethereum about to surpass Solana.
The wider market of cryptography has undergone strong sales pressure over the weekend in the midst of increasing concerns concerning Trump’s tariff wars. Altcoins lead a crypto blood bath today with higher active ingredients such as Ethereum (ETH), XRP, Solana (Sol), Dogecoin (Doge) and Cardano (ADA), correcting between 5 and 7% in the last 24 hours. According to Coinglass Data, the liquidations of the cryptographic market in the last 24 hours have climbed more than $ 600 million. Among these, $ 500 million is in long liquidation while $ 98 million is in short liquidation.
The Bitcoin price experienced a sharp drop on Friday, from a daily summit of $ 111,200 to just over $ 107,000. This was due to the renewed fears of a tariff war launched by President Donald Trump. Trump threatened a 50% rate on the European Union, citing negotiations in a standstill, which rocked the feeling of the market.
This withdrawal occurs after Bitcoin recently reached fresh heights above $ 111,500, driven by FNB entries, progress in stablescoin legislation and the increase in institutional purchases. However, these support factors have failed to protect altcoins, which remain under short -term pressure. In a telegram message, Haiyang Ru, Hashkey Group Co-PDG, said:
“Bitcoin reaching a new summit of all time also transports altcoins to a bullish direction. But if BTC volatility resumes again, traders can run in regulated stabbed – in particular with new executives in the United States and Hong Kong which releases this transition.”
Will Ethereum rebound again for the Altcoin season again?
The global macro uncertainty has once again seized the cryptography market while tariff tensions continue to degenerate and the yields of the US treasury increased to 4.5%. Altcoins like Ethereum will play a decisive role in the decision of the future trajectory, after 50% increase in last month.
Ethereum (ETH) organized a solid rally earlier this week at $ 2,700, in which he faced a partial decline and is now negotiated less than $ 2,600. For a sustained increase, the price of the ETH must cross $ 2,900 convincingly for a new passage to a record level.
The former CEO of Bitmex, Arthur Hayes, predicted a significant Altcoin season this summer, Ethereum should surpass Solana in the next rally.
According to Hayes, this Altcoin season will be different from 2021, when almost all cryptocurrencies have increased by 100 times. Instead, the market can see a more selective and measured rally this time.
Solaxy ($ solx) The presale grows
With Solana solidifying its position in the cryptographic ecosystem, Solaxy ($ Solx) makes waves like an innovative blockchain solution designed to improve the performance and scalability of Solana.
Solaxy addresses persistent problems such as network congestion, bottleneck bottles and transactions failure during peak activity periods. By dealing with transactions outside the chain and grouping them into optimized lots for the final settlement on the Mainnet de Solana, Solaxy aims to improve the reliability of transactions and the effectiveness of the network.
Solx and Tokenomic presale
To support the first investors, Solaxy launched a presale of its native token, Solx, offering a 103% competitive APY for the stake.
Prévente protruding facts:
- Token price: $ 0.001732
- Funds collected: $ 39.1 million
- Payment options: crypto, card
- Ticker: Solx
Post-presidential, the Solx token will be deployed on several channels, allowing participants to fill their assets towards the Solaxy Layer 2 blockchain.
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Bhushan is a fintech enthusiast and has a good flair in understanding the financial markets. Its interest in the economy and finance draws its attention to the new technology of emerging blockchain and the markets of cryptocurrencies. He is permanently in a learning process and motivates himself to share his acquired knowledge. In free time, he reads fiction novels to thriller and sometimes explores his culinary skills.
