Major cryptocurrencies faced heavy selling late Sunday, reflecting declines in stock futures.
| Cryptocurrency | Earnings +/- | Price (recorded at 8:30 p.m. ET) |
| Bitcoin BTC/USD | -2.81% | $101,669.43 |
| Ethereum ETH/USD |
-3.80% | $3,203.23 |
| Mastiff Doge/USD | -7.07% | $0.3299 |
What happened: Bitcoin Plunged from $105,000 in the afternoon to $101,000 in the evening, triggering a broader market collapse.
Ethereum rose from $3,340 to $3,178, while Mastiff also plunged more than 7%.
Around $400 million was liquidated from the cryptocurrency market in the last 4 hours of trading, with long liquidations accounting for $389 million.
The number of traders placing bets on bitcoin has increased compared to those drawing price increases, according to the long/short ratio.
Bitcoin open interest has increased slightly over the past 24 hours. An increase in OI, alongside a decline in price, indicated short selling.
Market sentiment remained in the “greed” zone, according to the Crypto Fear & Greed Index.
Top winners (24 hours)
| Cryptocurrency | Earnings +/- | Price (recorded at 8:30 p.m. ET) |
| Onyxcoin (Xcn) | + 12.16% | $0.03633 |
| Jupiter (Jup) | +9.88% | $1.03 |
| AIOZ Network (AIOZ) | + 8.27% | $0.843 |
The global cryptocurrency market cap stood at $3.47 trillion, contracting 3.65% over the past 24 hours.
Stock futures ticked the most on Sunday evening. THE Dow Jones Industrial Average Term fell 184 points, or 0.41%, at 8:41 p.m. ESP. Future linked to S&P 500 fell 0.94%, while NASDAQ 100 FUTURES lost 1.79%.
The lighting coincided with the president Donald Trump Punitive tariffs on Colombian imports and the hype surrounding China’s open-source AI model, Deepseek.
These movements become before BIG GAINSwith tech giants from the “Magnificent 7” cohort reporting their quarterly financials.
Additionally, the Federal Reserve will hold its meeting on Wednesday, with investors pricing a 99.5% chance that interest rates will remain unchanged, according to to the CME Fedwatch tool.
See more: Best Cryptocurrency Scanners
Analyst Notes: Popular Cryptocurrency Analyst Ali Martinez noted an invalidation of Bitcoin’s head and shoulders pattern, which prompted an upside target of $122,000.
Note that the head and shoulders chart pattern represents a bullish trend reversal to port, signaling that an uptrend is nearing its end.
In one of his previous articles, Martinez also compared Bitcoin’s ongoing trajectory to its 2015-2018 cycle.
“Historically, it’s around this point that BTC went parabolic,” the analyst remarked.
Another widely followed cryptocurrency chartist, Rekt capitalhighlighted the importance of Bitcoin’s historic weekly close.
“Historically, similar weekly closes above a final major weekly resistance at this point in the cycle have preceded the continued rise to new all-time highs,” the analyst added.
Photo by CMP_NZ on Shutterstock
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