CoinDesk: Bullish Bets Lose $860M to Liquidations as ETH, BTC, XRP, DOGE Price Drop 9%
Cryptocurrency markets experienced significant liquidations totaling over $1 billion, with ETH, BTC, XRP, and DOGE dropping 9%, driven by macroeconomic factors and a sell-off following higher-than-expected U.S. Producer Price Index data.