The cryptocurrency market experienced over $607 million in liquidations within 24 hours, significantly affecting major cryptocurrencies such as XRP, Bitcoin, and Ethereum. Bitcoin traders faced losses amounting to $149.48 million, while Ethereum investors saw $174.54 million in liquidations. XRP was impacted with $15.67 million in losses, bringing it close to a critical support level at $2.73.
Analysts are closely watching XRP's performance at this support level, suggesting a potential rebound to $3.10 if it holds. The intense pressure on Bitcoin and Ethereum continues as the market navigates these substantial liquidations.
Crypto Market Sees $607M in Liquidations, XRP Nears Key Support
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