It's Over: XRP Rally Hits the Brakes, Shiba Inu May Erase Another Zero, Hits Make-or-Break Level: Crypto News Digest
Main Idea
The crypto market experiences significant downturns for XRP, Shiba Inu, and Dogecoin, with XRP seeing its worst daily loss since April, while Shiba Inu may rally in October based on historical trends, and Dogecoin faces a critical price level after a recent drop.
Key Points
1. XRP dropped 8% in a day, hitting $3.22 intraday, marking its worst daily loss since April, with $21M in long positions liquidated in one hour.
2. Shiba Inu is up 24.55% in July, but October is historically its most bullish month, with potential for a stronger rally in 2025 based on past trends.
3. Dogecoin fell 6.53% in 24 hours to $0.247, amid a broader market downturn with $508M in liquidations, but had previously surged 27% weekly due to spot ETF speculation and a $500M reserve build-up by Bit Origin.
Description
Crypto market today: key points
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