【Early☀—Sunday—10.12】
#二级, the cryptocurrency market continues to plummet, with a total market cap of about $3.67 trillion, down about 4% in the last 24 hours, and a trading volume of about $200 billion.
Bitcoin (BTC) is around $108,000, down 3.5%; Ethereum (ETH) is around $3,700, down 4%. Major coins are all down, with SOL down 5% and XRP down 6%. BTC dominance is at 58.34%.
Why the crash: Trump announced a 100% tariff on key software/goods from China, triggering panic over the US-China trade war, wiping out over $200 billion in market value; compounded by the ongoing government shutdown, $1.5 billion in leveraged liquidations, and a strengthening dollar, leading to panic selling.
#一级, there are still opportunities, keep looking for BSC, there are still many BSC projects.
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