U.S. stocks were closed for Martin Luther King Jr. Day, while New York’s morning digital asset market extended its pullback. Tariff policy uncertainty and risk-off sentiment weighed on Bitcoin and Ethereum, with BTC at $92,842 (-2.41%) and ETH at $3,209 (-3.84%), and declines across major alts. In commodities and FX, safe-haven demand and a weaker dollar appeared, and the leveraged crypto market saw volatility widen. Commodity and dollar weakness persisted, with risk assets under pressure.
As of 9:30 a.m. ET on the 19th, the WTI March contract traded at $59.06 per barrel, down 0.47% over 24 hours. Silver for March rose to $93.39, up 5.49%, and copper gained 0.71%. The dollar index stood at 99.11, down 0.28%. The 10-year U.S. Treasury yield remained at 4.2310%, with little change from the previous day.
CoinMarketCap data show the total digital asset market cap fell about 2% over the past 24 hours. Bitcoin traded at $92,842, down 2.41%, and Ethereum at $3,209, down 3.84%. XRP fell 3.87%, and BNB fell 2.34%, while Solana dropped 6.23%. Tron declined 1.36%, Dogecoin fell 6.49%, and Cardano slipped 6.14%.
Bitcoin dominance stood at 59.1%, up 0.2 percentage point from the prior day. Ethereum dominance remained at 12.4%. In the derivatives market, liquidations rose markedly. CoinGlass data show total liquidations in the digital-asset futures market over the past 24 hours totaled about $872.75 million, up more than 747% from the prior session.
Ethereum dominance remained at 12.4%. In the derivatives market, liquidations rose markedly. CoinGlass reported total crypto futures liquidations over the past 24 hours of about $872.75 million, up more than 747% from the prior session. That was more than a 747% increase from the prior day.
Most of the liquidations occurred from long positions. Long-liquidations totaled about $788.21 million, making up the bulk of the total liquidations, while short-liquidations were relatively limited. Open interest declined by 2.69% over the same period, signaling a reduction in leverage. Bitcoin liquidations totaled $233.60 million, with $224.13 million from longs.
Ethereum liquidations totaled $154.84 million, with $121.34 million from longs. This is seen as a rapid unwind of leveraged long positions during the short-term downside. Open interest declined by 2.69% over the same period, signaling a reduction in leverage.
Ethereum liquidations totaled $154.84 million, with longs at $121.34 million. This indicates a rapid unwinding of leveraged long positions during the short-term downside.
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