XRP, DOGE Lead Crypto Losses as Weekend Bitcoin Pullback Causes $500M Liquidations

Quick Summary:

Bitcoin experienced a significant drop from $98,500 to $95,500 Sunday, triggering a broader market decline.

The volatility led to over $500 million in futures liquidations, predominantly affecting smaller altcoins and midcap futures.

Despite the pullback, market sentiment remains optimistic, with analysts still holding a view of bitcoin reaching the landmark $100,000 figure on various catalysts.

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets: United StatesCuba

Topics: Markets Trading Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 05:27:22 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 325 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © CoinDesk

News ID: 23814399

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Main Topics: Crypto

Official Website: coindesk.com

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Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

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