Crypto Bulls Get Rekt as Ethereum, XRP Fall Harder Than Bitcoin

In brief

  • Bitcoin dropped below $95,000 per coin on Friday, hitting a six-month low.
  • But Ethereum and Solana experienced bigger sell-offs, and $1.36 billion in futures positions were liquidated.
  • Some experts think the crypto space is now in a bear market, following recent losses.

Bitcoin’s price plunged on Friday to below $95,000 for the first time in six months—but the altcoin market fared far worse, and traders who bet on rising prices are getting wiped out due to widespread liquidations.

Ethereum—the second-biggest digital coin—dipped below the $3,100 mark earlier Fridy and was recently trading for about $3,200 after a nearly 7% 24-hour dip. That makes it one of the worst-performing major cryptocurrencies of the day, according…

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