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Crypto Market Crash: Bitcoin, ETH, XRP, DOGE, SOL Trigger $860M In Liquidations

CoinGape LogoCoinGape13h ago

Crypto Market Crash: Bitcoin, ETH, XRP, DOGE, SOL Trigger $860M In Liquidations - CoinGape

Quick Summary:

After the US Federal Reserve announced a 25 bps rate cut on Wednesday, the Bitcoin price came crashing under the $100K level to trigger the broader crypto market crash.

The selling pressure was a reaction to the Fed’s future monetary policy guidance for 2025 and coming years.

Amid the broader crypto market crash, the XRP price has dropped 6.2% all the way to $2.25.

More Pictures

Crypto Market Crash: Bitcoin, ETH, XRP, DOGE, SOL Trigger $860M In Liquidations - CoinGape (Picture 1)Crypto Market Crash: Bitcoin, ETH, XRP, DOGE, SOL Trigger $860M In Liquidations - CoinGape (Picture 2)Crypto Market Crash: Bitcoin, ETH, XRP, DOGE, SOL Trigger $860M In Liquidations - CoinGape (Picture 3)Crypto Market Crash: Bitcoin, ETH, XRP, DOGE, SOL Trigger $860M In Liquidations - CoinGape (Picture 4)Crypto Market Crash: Bitcoin, ETH, XRP, DOGE, SOL Trigger $860M In Liquidations - CoinGape (Picture 5)

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 05:59:26 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 854 words

Reading Time: 5 minutes read

Sentences: 52 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24544439

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 33 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "Crypto Market Crash: Bitcoin, ETH, XRP, DOGE, SOL Trigger $860M In Liquidations" has 854 words across 52 sentences, which will take approximately 4 - 8 minutes for the average person to read.

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The story "Crypto Market Crash: Bitcoin, ETH, XRP, DOGE, SOL Trigger $860M In Liquidations" was covered 13 hours ago by CoinGape, a news publisher based in India.

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CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 33 news stories per day.

It's most recent story was published 8 hours ago.

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  • URL: https://beamstart.com/news/crypto-market-crash-bitcoin-eth-17345882839875

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