Ethereum, the second-largest crypto by market capitalization, fell by double digits overnight to lows of $2,368 in the early hours of Monday, following U.S. President Donald Trump’s new tariff announcements.
At time of publication, Ethereum is trading at $2,544, down 17.8% on the day, according to data from CoinGecko.
Across the broader crypto market, Ethereum led over $2.3 billion in total crypto liquidations across 738,000 traders in 24 hours. Ethereum bore the brunt at $611 million in combined long and short positions, according to CoinGlass data.
However, that figure could yet climb, with a recent note from the co-founder and CEO of crypto exchange Bybit Ben Zhou claiming that the “real total liquidation” is “a lot more than $2B,” as…
