XRP and Dogecoin Plunge 25% as Crypto Liquidations Cross $2.2B on Tariffs-Led Dump
Generado por agente de IACyrus Cole
lunes, 3 de febrero de 2025, 2:49 am ET1 min de lectura
DOGE--
The crypto market experienced a significant downturn on Monday, February 3, 2025, as XRP and Dogecoin prices plummeted by over 25%. This dramatic decline was triggered by a wave of liquidations that surpassed $2.2 billion, with XRP leading the pack in terms of liquidated positions. The market turmoil was sparked by President Donald Trump's announcement of new tariffs on imports from Canada, Mexico, and China, which sent shockwaves through the global financial system.
The overall crypto market capitalization shrank by approximately 8% within a day, with most crypto assets recording double-digit losses. XRP and DOGE fell by 30%, while ADA declined by 35%, and SOL and BNB each dropped by 15%. The market turbulence led to over $1.7 billion in long position liquidations over 24 hours, with Ethereum traders experiencing $528 million in losses and Bitcoin traders facing $421 million in liquidations.
The recent liquidations and price drops in XRP and Dogecoin have significantly impacted the overall crypto market sentiment and investor confidence. The massive liquidations in XRP and Dogecoin have led to a chain reaction, with over $587 million worth of crypto positions being liquidated over the past day. This includes $81 million in Bitcoin liquidations, $49 million in Ethereum liquidations, and $46 million in Dogecoin liquidations.
Analysts believe that the recent price drops and liquidations in XRP and Dogecoin, along with other major cryptocurrencies, could be a sign of a broader market correction or a shift in investor sentiment. The ongoing market volatility may continue to pressure prices downward in the short term, as investors remain cautious and risk-averse. However, some analysts still hold a view of Bitcoin reaching the landmark $100,000 figure on various catalysts, suggesting that the market may eventually recover and regain investor confidence.
As the crypto market navigates the challenges posed by geopolitical events and macroeconomic indicators, investors must remain vigilant and adapt their strategies accordingly. The recent liquidations and price drops in XRP and Dogecoin serve as a reminder of the volatility and risks inherent in the crypto market, and the importance of diversifying one's portfolio to mitigate potential losses.
LARK--
The crypto market experienced a significant downturn on Monday, February 3, 2025, as XRP and Dogecoin prices plummeted by over 25%. This dramatic decline was triggered by a wave of liquidations that surpassed $2.2 billion, with XRP leading the pack in terms of liquidated positions. The market turmoil was sparked by President Donald Trump's announcement of new tariffs on imports from Canada, Mexico, and China, which sent shockwaves through the global financial system.
The overall crypto market capitalization shrank by approximately 8% within a day, with most crypto assets recording double-digit losses. XRP and DOGE fell by 30%, while ADA declined by 35%, and SOL and BNB each dropped by 15%. The market turbulence led to over $1.7 billion in long position liquidations over 24 hours, with Ethereum traders experiencing $528 million in losses and Bitcoin traders facing $421 million in liquidations.
The recent liquidations and price drops in XRP and Dogecoin have significantly impacted the overall crypto market sentiment and investor confidence. The massive liquidations in XRP and Dogecoin have led to a chain reaction, with over $587 million worth of crypto positions being liquidated over the past day. This includes $81 million in Bitcoin liquidations, $49 million in Ethereum liquidations, and $46 million in Dogecoin liquidations.
Analysts believe that the recent price drops and liquidations in XRP and Dogecoin, along with other major cryptocurrencies, could be a sign of a broader market correction or a shift in investor sentiment. The ongoing market volatility may continue to pressure prices downward in the short term, as investors remain cautious and risk-averse. However, some analysts still hold a view of Bitcoin reaching the landmark $100,000 figure on various catalysts, suggesting that the market may eventually recover and regain investor confidence.
As the crypto market navigates the challenges posed by geopolitical events and macroeconomic indicators, investors must remain vigilant and adapt their strategies accordingly. The recent liquidations and price drops in XRP and Dogecoin serve as a reminder of the volatility and risks inherent in the crypto market, and the importance of diversifying one's portfolio to mitigate potential losses.
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