Crypto Market Slumps: BTC, XRP, DOGE Extend Losses
TL;DR
- Bitcoin, Ethereum, and Dogecoin experienced notable declines in the past 24 hours, with ETH dipping below $4,000.
- XRP is consolidating just below its all-time high, while Solana shows potential signs of a bullish Wyckoff re-accumulation.
- Overall, $427.63 million in liquidations occurred, highlighting market volatility, and net outflows from spot ETFs indicate cautious investor sentiment, although analysts see opportunities for upcoming breakout movements.
Cryptocurrency markets faced renewed selling pressure on Thursday, with Bitcoin retreating to $111,548, down 1.34% in the past 24 hours. Ethereum fell sharply to $4,005 (-4.17%), slipping below the psychologically important $4,000 mark, while Dogecoin also declined,…
