Crypto Market Meltdown: Why You Should Be Worried About Your Investments!

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So, the crypto market just took a nosedive, right? Over $230 billion vanished into thin air, all because President Trump decided to throw some tariffs at Canada and Mexico. I mean, come on! Who knew a trade war could be so… well, *trading*? Bitcoin (BTC) is now below $90,000, down nearly 7%. It’s like watching your favorite restaurant go out of business because they decided to serve only tofu. 😩

And it’s not just Bitcoin. Ethereum (ETH) is down over 8%, barely hanging on at $2,500. Ripple (XRP)? Down nearly 9%. Solana (SOL) is practically in a free fall, dropping almost 12% to $141. Dogecoin (DOGE) is down nearly 9%, and Cardano (ADA) is just… sad, trading at $0.687. It’s like a bad episode of a reality show where everyone’s just losing their minds. The crypto market cap is now below $3 trillion. What a time to be alive! 🙄

Crypto Market Sentiment Sinks To “Extreme Fear”

Oh, and the sentiment? Extreme fear! The Crypto Fear and Greed Index is at 25. It’s like everyone collectively decided to panic. Trump’s tariffs are like that annoying neighbor who keeps borrowing your lawnmower and never returns it. The last time Bitcoin hit this level of fear was back in September when it dropped to $54,000. Talk about a rollercoaster ride! 🎢

BTC fell 4.5% after the news, dipping below $92,000. The whole crypto market is like a sinking ship, and everyone’s scrambling for the lifeboats. It’s a mess! 😱

$200 Million In Crypto Longs Wiped Out

And guess what? The crypto derivatives sector is in chaos. Liquidations are piling up like dirty laundry after a week-long vacation. Coinglass reported $268 million in liquidations in just 24 hours. That’s a lot of people getting their hopes dashed! It’s like betting on a horse that just decided to take a nap instead of running. 🐴💤

Out of that, $217 million were bullish bets. I mean, who thought it was a good idea to bet on a market that’s clearly in a downward spiral? It’s like trying to catch a greased pig at a county fair. Good luck with that! 🐖

Bybit Replenishes Reserves After $1.5 Billion Hack

And then there’s Bybit, which just got hacked for $1.5 billion. They’ve managed to replenish their Ethereum (ETH) reserves, but let’s be real—how do you even recover from that? It’s like losing your wallet and then finding it in the fridge. CEO Ben Zhou claims they’ve restored everything 1:1. Sure, buddy, and I’m the Queen of England! 👑

They secured 446,870 ETH through loans and deposits. I mean, who’s lending money to a place that just got robbed? It’s like giving your credit card to a toddler. 😬

DekaBank Launches Crypto Trading And Custody Services

Meanwhile, DekaBank is launching crypto trading and custody services. They’ve got $395 billion in assets, and they’re finally getting into the crypto game. It’s like showing up to a party three hours late and expecting everyone to still be excited to see you. 🙄

“DekaBank is marketing its new offering with a focus on security and regulatory compliance.”

Yeah, because that’s what we all want—more regulations! Just what the crypto world needs, right? 🙃

Bitcoin (BTC) Price Analysis

Bitcoin bears are having a field day, pushing the price down to $91,622. It’s like watching a slow-motion train wreck. Jeff Dorman from Arca said, “Crypto is just weak and has been for eight weeks.” Wow, thanks for the insight, Captain Obvious! 🚢

BTC is down nearly 6% and trading just above $90,500. If it can’t reclaim $90,000, we might as well start planning the funeral. The RSI is at 30, which is basically saying, “Help! I’m drowning!”

Ethereum (ETH) Price Analysis

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2025-02-25 16:14