XRP and altcoins slump as $550M in longs get liquidated
- —XRP fell to $1.42, down 5.5% in 24 hours and nearly 6% on the week
- —Ethereum dropped 5.9% to $2,555; Solana lost 4% to $116
- —Dogecoin slid over 8% while Bitcoin fell to about $83,050
- —About $550 million in positions were liquidated in 24 hours, mostly longs
Why it matters: Rising yields, Brent above $101 and a firmer dollar are pressuring risk assets; the Fed minutes could add volatility for BTC and altcoins.
Source: Newsbit
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