Massive Ethereum Loss Signals Market Volatility: Whale Liquidations, Crypto Cap Drops $200B

A significant Ethereum liquidation of nearly $106 million has occurred on MakerDAO following the cryptocurrency’s dramatic 10% price drop. This event highlights the increased volatility and bearish sentiment sweeping the crypto market as tensions from global macroeconomic events like President Trump’s new tariffs weigh down investor confidence. The broader crypto market saw a significant downturn, with the overall cap falling by around 8%, to $2.6 trillion, according to data from CoinGecko.