<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
The world\u2019s 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 \u2014 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.<\/p>\n\n\n\n
Weekend rout fueled by heavy liquidations<\/strong><\/p>\n\n\n\n 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.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n Bitcoin\u2019s weakness also reflected a broader risk-off mood across global markets, as investors reassessed the outlook for U.S. monetary policy and financial conditions.<\/p>\n\n\n\n Warsh Fed nomination weighs on crypto sentiment<\/strong><\/p>\n\n\n\n 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.<\/p>\n\n\n\n Markets fear his leadership could translate into tighter liquidity conditions than previously expected \u2014 a negative backdrop for high-beta, speculative assets such as cryptocurrencies, which typically thrive under loose monetary policy.<\/p>\n\n\n\n Bitcoin has now given up a large portion of last year\u2019s gains, which were driven by optimism around institutional adoption and expectations of easier financial conditions.<\/p>\n\n\n\n Altcoins extend losses; Ether near 7-month low<\/strong><\/p>\n\n\n\n Losses across the broader crypto complex deepened on Monday. Among meme tokens, both Dogecoin and $TRUMP edged lower, reflecting continued pressure across risk assets in the digital space.<\/p>\n","protected":false},"excerpt":{"rendered":" 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\u2019s largest cryptocurrency was down 2.3% at $77,133.4 by 21:25 ET (02:25 GMT), after touching an intraday low …<\/p>\n","protected":false},"author":9,"featured_media":95805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-123280","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/123280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=123280"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/123280\/revisions"}],"predecessor-version":[{"id":123281,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/123280\/revisions\/123281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/95805"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=123280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=123280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=123280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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.<\/p>\n\n\n\n