Bitcoin, Ethereum, Dogecoin Sink deeper as it worries the recession from the encryption market.

The leading currencies extended the losses on Monday, which reflects the shares leakage, as investors feel the upgrade due to stagnation fears.

What happened: Bitcoin Less than $ 77,000 sank to hit the lowest level in four months. The leading cryptocurrency has decreased by 29 % of its highest levels ever, which has eliminated almost all gains since Trump’s victory in the presidential elections.

ethereum It fell to less than 1800 dollars, and its lowest levels since October 2023. A year to date, the second largest encrypted currency has decreased more than 45 %.

The recession comes despite the president Donald Trump Signing an executive order for Bitcoin strategic reserves Last week.

About 926 million dollars were rated from the cryptocurrency market during the past 24 hours due to the recession, with 742 million dollars in the long positions.

However, Bitcoin to $ 85,000 would liquidate about a billion short positions.

Bitcoin’s open interest has decreased by 3.83 % over the past 24 hours, while the number of traders who have been placed on assets increased to 52 % of the total.

Fear and greed index remained in the “extreme fear” area, indicating additional expectations.

The best winners (24 hours)

The global market value of the cryptocurrency was $ 2.54 trillion, with a contract of 4.25 % in the past 24 hours.

The shares came from the two. the Dow Jon’s industrial average 890 points, or 2.08 %, fell, to close at 41,911.71. the S & P 500 Licensed by 2.69 %, ended at 5,614.56, while technology is heavy Nasdak 4 % decreased to close at the lowest level of six months at 17468.32.

The concerns related to the American economy were weighing the market after Trump admitted that an American recession could be in an interview at the weekend.

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The analyst notes: A well -known analysis company on the series Cryptoquant Evaluating whether the prevailing market stage is the beginning of a bear or a bull.

The company said, referring to the proportion of the profit consumed, from this perspective, from this perspective, it seems that people are moving Sats in their profit, which led to the fact that the SOPH is greater than 1, unlike the bear market. From this perspective, the bull market still seems to play.

Cryptoquant also pointed out that financing rates are still similar to the 2020-21 market pattern.