Why is Crypto Crashing Today? XRP News, Bitcoin Price Today, Tesla Stock Earnings and More
Main Idea
A sudden market pullback led to $735 million in crypto futures liquidations, with Ethereum and XRP traders experiencing the highest losses, while Bitcoin saw milder impacts. Despite low trade volumes, Ethereum and XRP liquidity reached record highs, signaling potential price stability or growth.
Key Points
1. Nearly $735 million in crypto futures were liquidated due to a sudden market pullback, with Ethereum traders losing $152.78M and XRP traders losing $88.58M, surpassing Bitcoin's $65.29M losses.
2. Ethereum dropped 3.6% to $3,540, while XRP plunged 6% to $3.25 amid mild price drops and high leverage.
3. Bitcoin slipped below the $120K mark, trading near $118K, with other top assets like Ethereum, XRP, and Solana also affected.
4. Ethereum and XRP liquidity hit record highs in 2025, with Ethereum's 1% market depth reaching its highest level, indicating stronger buying and selling support.
5. The institutional season index is at 49, suggesting a possible shift in momentum toward altcoins.
Description
The post Why is Crypto Crashing Today? XRP News, Bitcoin Price Today, Tesla Stock Earnings and More appeared first on Coinpedia Fintech News July 24, 2025 07:07:38 UTC $735M in Crypto Liquidations as ETH, XRP Traders Hit Harder Than Bitcoin A sudden market pullback wiped out nearly $735 million in crypto futures, with bulls suffering the most. Ethereum traders saw the largest losses at $152.78M, followed by XRP at $88.58M—both surpassing Bitcoin’s $65.29M in liquidations, per CoinGlass. The stee...
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