Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Bitcoin traded near its weakest level since April on Monday after a sharp weekend sell-off dragged prices toward the $75,000 mark, as heavy liquidations in leveraged positions and mounting macro uncertainty continued to weigh on sentiment.
The world’s largest cryptocurrency was down 2.3% at $77,133.4 by 21:25 ET (02:25 GMT), after touching an intraday low of $75,766.8 — levels last seen nearly ten months ago. Bitcoin is now edging closer to a potential test of the $70,000 area, which would mark a 15-month low if selling pressure persists.
Weekend rout fueled by heavy liquidations
The sell-off inflicted widespread damage across the broader digital asset market. Roughly $111 billion was erased from total crypto market capitalization over the past 24 hours, according to CoinGecko data.
Coinglass figures showed that about $1.6 billion worth of leveraged positions were liquidated, as falling prices forced traders to rapidly unwind bullish bets. Thin liquidity over the weekend intensified the move, with stop-loss triggers and margin calls accelerating losses once key technical levels were breached.
Bitcoin’s weakness also reflected a broader risk-off mood across global markets, as investors reassessed the outlook for U.S. monetary policy and financial conditions.
Warsh Fed nomination weighs on crypto sentiment
Pressure on cryptocurrencies intensified after U.S. President Donald Trump nominated Kevin Warsh as the next Federal Reserve chair. Warsh, a former Fed governor, is widely seen as more hawkish on inflation and balance-sheet discipline.
Markets fear his leadership could translate into tighter liquidity conditions than previously expected — a negative backdrop for high-beta, speculative assets such as cryptocurrencies, which typically thrive under loose monetary policy.
Bitcoin has now given up a large portion of last year’s gains, which were driven by optimism around institutional adoption and expectations of easier financial conditions.
Altcoins extend losses; Ether near 7-month low
Losses across the broader crypto complex deepened on Monday.
Ethereum fell 6.6% to $2,290.92, hovering near seven-month lows. XRP dropped 4.4% to $1.59, while Solana slid another 3%. Cardano and Polygon declined around 1.5% each.
Among meme tokens, both Dogecoin and $TRUMP edged lower, reflecting continued pressure across risk assets in the digital space.
