Bitcoin, Ethereum and XRP Sink as Crypto Liquidations Top $900 Million
Top cryptocurrencies pushed deeper into the red after a days-long slump Friday, triggering over $900 million dollars in liquidations, as global unrest and a poor U.S. jobs report impacted markets before the weekend.
Bitcoin, which nearly eclipsed $120,000 towards the beginning of the week, has fallen to $113,411 at writing, a drop of roughly 5.6% from the recent peak. Ethereum took a steeper dive in the second half of the week, falling from around $4,000 on Sunday to $3,518 at writing—a 10.5% downturn.
XRP followed a similar pattern, topping $3.32 on Sunday before dropping as low as $2.92 earlier today. The token has since leveled out to $2.98, a 10.2% dip since last weekend.
Those slumps have coalesced to wipe out…
