Cryptocurrency Market Sees Widespread Losses Amid Tariff Uncertainty

The cryptocurrency market has been under pressure, with Bitcoin experiencing its fifth consecutive month of decline. The digital currency dropped below a key support level of $65,000, marking a significant psychological and technical threshold.

Major altcoins also posted losses, with Solana falling by 9.1% to $77, Hyperliquid declining 9.8% to $27, and Zcash sliding 8.2% to $234. The sharp decline in prices has led to a surge in liquidations, with long positions making up about 93% of total liquidations.

The Crypto Fear & Greed Index remains firmly in the 'Extreme Fear' zone, indicating deep negative sentiment in the market. Analysts are closely monitoring on-chain metrics for signs of stabilization as the market navigates a period of extreme fear.