Claim BonusCrypto Crash: XRP, Ethereum Leads Sell Off As Crypto Market Bleeds
Crypto Crash: The global cryptocurrency market printed red indexes as selling pressure among traders increased. The cumulative digital asset market cap dropped by a massive 4% over the past day to stand at around $1.02 trillion. This comes in when the Federal Reserve pauses rate hikes for the first time in the last 15 months.
Also Read: US SEC Refuses To Commit Deadline in Coinbase Crypto Clarity Case
Crypto Liquidation Breaches $162 Mln
Coinglass data depicts that more than 46K traders were liquidated in the last 24 hours, while, the total liquidations recorded stands at around $162.2 million. However, the single largest liquidations order of ETHUSDT valued at $11.57 million was registered on the Binance crypto exchange.
It is important to note that $142.4 million, 87% of the total liquidation over the last 24 hours turned out to be long positions set by the traders. This suggests that the traders were betting on an upward movement in the crypto market. However, Ethereum (ETH) recorded the most of the liquidation (approx worth $60.5 million). Read More Crypto Crash News Here…
Cardano, Solana Drops By Over 20%
Bitcoin (BTC) price declined by more than 4% in the last 24 hours as the biggest crypto dropped below the crucial $25K level. Bitcoin is trading at an average price of $24,856, at the press time. BTC dominance decreased to stand around 47.57%. However, a further decline can also be expected ahead.
Ethereum (ETH) and Ripple’s native crypto, XRP turned out to be one of the biggest losers in the ongoing sell-off. ETH and XRP price have dropped more than 6% in the last 24 hours.
Cardano (ADA) and Solana (SOL) emerged as the biggest losers in the last 7 days. ADA and SOL prices declined by 21% and 23%, respectively. This major decline comes in after U.S. Securities and Exchange Commission (SEC) alleged Binance and Coinbase of multiple charges. However, it also listed ADA, SOL, Sandbox (SAND), Filecoin (FIL), Axie Infinity (AXS), Chiliz (CHZ), Flow (FLOW), Internet Computer (ICP), and Other cryptos as securities.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Crashes to $72k as U.S.–Iran Tensions Rise After Talks Collapse
- Bringing Compute Power to the Masses in a Sustainable, Decentralized Manner
- Bitcoin Reserve: U.S. Treasury Rules Out BTC Buys as GOP Senators Push For Use Of Gold Reserves
- Epstein Files: How Jeffrey Epstein Had Ties to Bitcoin and Crypto’s Early Development
- Crypto Market Continues to Plunge, Could 2026 Be the Worst Year?
- Dogecoin Price Prediction After SpaceX Dogecoin-Funded Mission Launch in 2027
- Solana Price Crashes Below $95 for the First Time Since 2024: How Low Will SOL Go Next?
- Ethereum Price Eyes a Rebound to $3,000 as Vitalik Buterin Issues a Warning on Layer-2s
- Pi Network Price Outlook as Bitcoin Faces a Strong Sell-Off Below $80k
- Bitcoin Price Prediction As US House Passes Government Funding Bill to End Shutdown
- Ondo Price Prediction as MetaMask Integrates 200+ Tokenized U.S. Stocks
