Crypto Sell-Off : Crypto Liquidation Tops $334M as Bitcoin and Ethereum Prices Crash

The post Crypto Sell-Off : Crypto Liquidation Tops $334M as Bitcoin and Ethereum Prices Crash appeared first on Coinpedia Fintech News

The crypto market is going through a rough patch as traders react to tariff and Trump’s Bitcoin Reserve order. Bitcoin has dropped by 4.8% to $81,729, while Ethereum has taken an even bigger hit, falling 8% to hover around $2,000. Dogecoin is the biggest loser among the top 10 cryptos, sliding 13% to $0.16.Despite the hype around Trump’s Executive Order to create a Strategic Bitcoin Reserve, the market hasn’t responded positively. QCP Analysts believe this is because no actual budget has been allocated yet for Bitcoin purchases, causing uncertainty among investors.$334 Million Liquidation Shakes the Market with the changing current scenario, the market downturn has triggered massive liquidations,with Bitcoin, Ethereum, and XRP leading the sell-off. In the last 24 hours, liquidations have surpassed $334 million, affecting over 109,704 traders. Those who bet on price increases have taken the biggest hit.

https://x.com/azcoinnews/status/1898936002124943595

Bitcoin saw $186.35 million in liquidations, with long traders losing $123.21 million. Ethereal followed with $40.84 million in total liquidations, while XRP recorded a smaller $7.3 million inlosses.Altcoins like Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Sui (SUI), and Litecoin (LTC)also faced significant sell-offs, adding to the market’s instability.Bitcoin, Ethereum, and XRP Struggle bitcoin has dropped by 3% in the past 24 hours, now trading at $86,409. Despite a 1.9%increase in the last week, the overall sentiment remains weak, with trading volume down by24.63%. Ethereum has struggled to hold key support levels, currently battling to stay above$2,000. Analyst Ali Martinez has warned that if ETH drops below $2,114, it could test $1,250 inthe coming weeks.XRP is also under pressure, down 7.31% in the last 24 hours to $2.36. The uncertainty surrounding the crypto reserve plan has only fueled further volatility.Crypto Reserve Plan Faces PushbackTrump’s proposal to include ADA, XRP, and SOL in the U.S. Strategic Reserve has faced resistance. Industry leaders, including Coinbase CEO Brian Armstrong and Real Vision’s Raoul Pal, believe Bitcoin should remain the primary reserve asset. Armstrong argued that Bitcoin is