Crypto Markets Drop As Traders Face $250M in Liquidations Amid Economic Uncertainty

• Major cryptocurrencies dropped on Monday, with $250M in crypto derivatives facing liquidations • Bitcoin fell 3.1% to $69,058, Ethereum dropped 5.12% to $3,500, Dogecoin rose 5.3% to $0.18 • Over $242.87M long positions liquidated in crypto in 24 hrs; largest single liquidation was $7.53M in Ether • CPI report on Wed. could provide insights into potential Fed rate cuts; 42% chance of steady rates in June • Analysts suggest altcoin performance could indicate if further BTC correction occurs; breakdown could signal economic weakness