Crypto Market Crash: Over $100B Liquidated in Bitcoin, ETH, XRP, HYPE, DOGE, SPCX
Highlights
- Crypto market witnessing massive crash amid tech rout and Trump's executive orders on quantum computing.
- Over $720 million across Bitcoin, ETH, XRP, SOL HYPE, ZEC, SPCX, and other top altcoins liquidated.
- South Korea’s KOSPI crashed nearly 10% and NASDAQ 100 down almost 2.60% in premarket.
- Analysts signals potential deeper Bitcoin crash ahead.
Deeper crypto market crash risks are mounting amid sharp selloffs, with over $100 billion in market cap wiped out within hours. Over the past 24 hours, more than $700 million in liquidations have occurred across Bitcoin, ETH, XRP, SOL HYPE, ZEC, SPCX, and other top altcoins.
BTC price tumbled below the key 200-WMA at $62K today, while ETH price plunged 5% to below $1,650 level amid tech rout and Trump’s quantum computing executive orders. The Crypto Market Fear & Greed Index is at 23 (extreme fear) today.
Meanwhile, top altcoins XRP, BNB, Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Hyperliquid (HYPE), and Zcash (ZEC) fell more than 3-7%. AI coins are leading the crypto liquidations.
Crypto Market Crash amid Massive Bitcoin, ETH, XRP, SPCX Liquidations
The crypto market saw another $720 million in liquidations across Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Hyperliquid (HYPE) and other top altcoins. Nearly 145K traders were liquidated, with the largest single liquidation order of ETHUSD valued at $15.34 million occurring on Hyperliquid.
BTC price crashed to an intraday low of $61,893 amid $216 million in total liquidation over the last 24 hours. The crypto market saw almost $610 million in long and $110 million in short positions liquidated.
Notably, $182 million in long liquidations occurred in just an hour amid the tech rout in the global markets. South Korea’s KOSPI crashed nearly 10% today, marking the 3rd largest crash in the index’s history. Moreover, the Nasdaq 100 is down more than 2.60% in premarket today.
Bitcoin, ETH, XYZ:SPCX, SPCX, SOL, HYPE, XRP, DOGE, ZEC, WLD, XAU, and BNB are among the most liquidated crypto assets in today’s crypto market crash. Ethereum price has tumbled to an intraday low of $1639 and XRP price tanked more than 3% to $1.10.
Trump’s Quantum Computing EO Risks Bitcoin, ETH, XRP & Other Crash
President Trump signs executive orders on quantum computing. The White House said it will ensure national security and continued American growth in a critical industry.
Investing in American quantum leadership like never before.
President Trump signs executive orders on quantum, supercharging a national effort in innovation in quantum technologies, ensuring national security and continuing American growth in a critical industry. 💻🇺🇸 pic.twitter.com/cQmdCs0s4N
— The White House (@WhiteHouse) June 22, 2026
However, this puts crypto on a 2030 deadline as the US government now has a 2031 deadline to move critical systems to post-quantum security, risking crypto market crash.
Bitcoin and other blockchains need to upgrade to quantum-resistant cryptographic signatures amid quantum computing threats. A report warned that “Q-Day” could arrive as early as 2030, putting up to 7 million BTC at risk if crypto fails to upgrade in time.
Solana and XRP are already on a roadmap to make networks quantum-resistant as early as 2028. Google issued a major warning that large-scale quantum computers could crack standard encryption by 2029.
Analysts Signal Deeper Crypto Market Crash Risks
Bitcoin and broader crypto market risks deeper crash as the US 10-year Treasury yield (US10Y) climbed to 4.5% as investors monitored US-Iran peace talks and potential Fed rate hikes.
Also, the US dollar index (DXY) climbed to 101.17 today, the highest level since May last year. Investors are now focused on this week’s US PCE inflation report to prevent further crypto market crash.
Spot Bitcoin and Ethereum ETFs recorded outflow, with BlackRock Bitcon ETF (IBIT) seeing $170 million in redemptions. Along with outflows, on-chain data signal rising liquidation risk to short-term holders. “Weak hands are capitulating while strong hands have not even flinched,” said on-chain analyst Axel Adler Jr.
Meanwhile, analyst Ted Pillows warns that Bitcoin needs to hold the key support zone between $61K-$62K to prevent further crypto market crash. He claimed BTC will drop a cluster around the $61,200 level before a rebound.
Bit Official said, “The less dovish Fed since October 2025 may therefore explain weakness in both markets, with the AI narrative merely providing a convenient explanation for the correction.”
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