Crypto Market Faces $369 Million Liquidations as XRP, Ether, and Solana Decline Amid Inflation Concerns and Fed Rate Hike Speculations
The cryptocurrency sector witnessed a significant liquidation event amounting to $369.67 million, predominantly affecting XRP, Ethereum, and Solana. This downturn was driven by escalating oil prices, increased U.S. Treasury yields, and anticipations of a Federal Reserve interest rate increase. More than 90,000 leveraged traders were impacted…