On Monday, crypto traders faced liquidations of over $1.5 billion in long positions, triggering a sharp sell-off in Ether and several other coins.

As of 09:03 (06:03 GMT) on Monday, Cardano traded at $0.7936, according to the Investing.com index, falling 11.79% that day. This was the most significant drop in the cryptocurrency's value since April 6.

Bitcoin edged lower on Wednesday, staying in a sideways range amid growing uncertainty over the trajectory of U.S. interest rates, especially ahead of key inflation data due in the coming days.

Bitcoin stabilized on Wednesday after recovering some of its recent losses, although traders remain cautious about crypto markets due to uncertainty surrounding US trade tariffs and interest rate cuts.

Cryptocurrency

At 9:42 PM (6:42 PM GMT) on Monday, Litecoin was trading at $111.22, according to the Investing.com index, down 10.08% on the day. This marked the largest single-day decline in the cryptocurrency’s value since April 6.

Exchanges

The crypto market is showing concerning shifts in investor sentiment. According to data from analytics platform Amberdata, the 180-day implied volatility skew on the Deribit exchange has dropped to zero, signaling a shift in long-term expectations from bullish to neutral.

As of 23:33 (20:33 GMT) on Wednesday, the cryptocurrency Cardano was trading at $0.8002, according to the Investing.com index, down 10.25% for the day. This marked the largest single-day drop in Cardano’s price since July 23.