Dogecoin News Today: Crypto Alts Fall Over 5-7% as Macroeconomic Pressures and Leverage Fuel Sell-Off

Crypto markets turned sharply lower on Thursday as major alternative cryptocurrencies continued to retreat amid mounting macroeconomic headwinds and a fragile liquidity environment. Solana (SOL), XRP, and Dogecoin (DOGE) all fell by over 5%, according to CoinGecko, with Dogecoin bearing the brunt of the sell-off at a 7% drop [1]. The decline came alongside a brief dip in Bitcoin (BTC), though the leading cryptocurrency remained in a tight trading range, avoiding a deeper pullback despite a surge in liquidations.

The five-day streak of daily liquidation volumes has now topped $250 million each day, according to CoinGlass data. Long-position liquidations have significantly outpaced short ones, with the ratio standing at roughly 3:1. This suggests a heavy overhang of bullish leverage in the market, which analysts warn could trigger a cascading effect if downside pressure persists.

MEXC Research’s Chief Analyst, Shawn Young, told Decrypt that the market’s recent retracement reflects "cautious sentiment amid thin summer liquidity." He also highlighted the strengthening U.S. dollar and rising real yields as key factors constraining crypto performance. These macro pressures are not limited to altcoins, he noted, but are affecting Bitcoin and the broader market [1].

Bitfinex analysts echoed the view, noting that the market is approaching a "critical juncture" due to the high leverage in altcoins. They warned that this could lead to a self-reinforcing cycle of liquidations and further price declines [1]. Meanwhile, Singapore-based trading firm QCP observed that crypto’s muted reaction to positive news signals a “late-cycle behavior,” suggesting that further volatility and consolidation could be ahead [1].

The combination of rising U.S. Treasury yields, thin market liquidity, and leveraged positions has created a fragile environment for crypto investors. With summer traditionally a period of lower trading activity, the market may struggle to find fresh momentum in the near term. Analysts recommend caution as the sector navigates this volatile period.

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Source: [1] [Crypto Markets See Red as Solana, XRP, Dogecoin Extend Losses](https://decrypt.co/333090/solana-xrp-dogecoin-extend-losses)