Major cryptocurrencies experienced a sharp sell-off on Monday as the entire cryptocurrency market plummeted over 13%, triggered by escalating global trade tensions. The selloff, driven by rising fears of a full-blown trade war between the US and China, saw Ethereum (ETH), Solana (SOL), and other popular altcoins lose significant ground. Ethereum dropped more than 19% within a single day, reaching around $1,450. This decline represents a further drop of over 60% for the year. Similar drops were seen in XRP (XRP), Dogecoin (DOGE), and Solana (SOL), each losing key support levels and shedding approximately 18-20%. Liquidations exceeding $1.38 billion emerged, with most stemming from long-position trades, as investors reacted to the market volatility.