Bitcoin, Ethereum and XRP Sink as Crypto Liquidations Top $900 Million
Main Idea
The article discusses the recent downturn in cryptocurrency markets, highlighting significant liquidations and price drops for Bitcoin, Ethereum, and XRP, influenced by economic factors and market reactions.
Key Points
1. Bitcoin's price dropped roughly 5.6% from its recent peak of nearly $120,000 to $113,411, while Ethereum fell 10.5% from around $4,000 to $3,518.
2. XRP also experienced a 10.2% decline, dropping from $3.32 to $2.98, following a similar pattern to Bitcoin and Ethereum.
3. Over $905 million in crypto derivative positions were liquidated in the last 24 hours, with more than $823 million of those being long positions.
4. Market downturns were influenced by economic factors, including a poor U.S. jobs report and geopolitical events, such as actions by the White House.
5. Analysts predict Bitcoin's price could fall as low as $80,000 before potentially surging back in Q4, with a more than 53% chance of rising to a new peak of $125,000.
Description
Amid a confluence of bearish political and economic developments, Bitcoin and other assets are down while liquidations only keep rising.
Latest News
- Bitcoin, Ethereum and XRP Sink as Crypto Liquidations Top $900 Million2025-08-01 21:10:20
- Public Keys: Strategy Eyes Domination, Metaplanet Bitcoin Barrage, and Coinbase XRP Boost2025-08-01 20:22:45
- Ancient Bitcoin Whale Moves Millions in BTC After 12 Years2025-08-01 20:02:04
- Crypto Rally Stalls as Dogecoin Tanks and Bitcoin Tests Key Support: Analysis2025-08-01 19:26:07
- Strategy Could Buy as Much as 7% of Bitcoin Supply, Says Michael Saylor2025-08-01 17:49:34