3 Reasons Why BTC, ETH, XRP Dropped Suddenly
The cryptocurrency market has experienced a significant downturn due to the feud between Elon Musk and U.S. President Donald Trump, crypto liquidations, and whale offloadings. Amid today’s crypto market crash, total valuation dropped 3.03% to $3.2 trillion.
In just a few hours, Bitcoin has already dropped to $101,928.79, and Ethereum has plunged 3.73% to $2489. Furthermore, Ripple’s XRP is also down 3.34% to $2.13. All three major cryptocurrencies are testing out their key support levels, and if they fail to hold, a catastrophic downturn could be imminent.
1. Crypto Liquidations of Over $595 Million
In the widespread liquidations totalling over $595 million in the past 24 hours. According to data from liquidation heat maps, over…
