Why is the crypto market falling today?
The cryptocurrency market experienced a sharp correction on Monday, with total liquidation surpassing $800 million in the past 24 hours. The main reason for this price dip is the rising risk-off sentiment among traders amid growing trade-war tensions between the European Union (EU) and the United States of America (US).
Rising trade frictions curb appetite for risk assets
Crypto markets begin the week on a negative note, with Bitcoin (BTC) sliding below $93,000 on Monday and major altcoins such as Ethereum (ETH), Solana (SOL), and Cardano (ADA) following BTC’s lead. The downturn in crypto markets followed the US-EU trade tensions.
US President Donald Trump said he would slap tariffs on eight European nations that have opposed his plan…
