Why is crypto down today? Tariff jitters, seller dominance explained
The crypto market capitalization was down 1.97% in the past 24 hours and was at $3.05 trillion at the time of writing. It was down 6.95% since the 14th of January.
Bitcoin [BTC] fell below the $94.5k level on the 19th of January, forcing market-wide selloffs.
U.S. President Donald Trump signaled tariff action against Europe, and this latest tariff-driven uncertainty helped explain why crypto is down today. Kobeissi Letter noted in a post on X that the U.S. stock market futures extended their session losses, too.
The Nasdaq 100 fell 1.6% amid trade war concerns. On the 19th of January, $700.5 million in positions were liquidated, followed by $301.7 million the next day at the time of writing.
