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Bitcoin, Ether, and XRP Drop Sharply as Liquidations Reach $1 Billion

(2 hours ago) · 1 source · Summarized by CryptoBipto

Bitcoin, Ethereum, and XRP experienced significant price declines amid a wave of liquidations totaling approximately $1 billion. The sell-off affected multiple major cryptocurrencies simultaneously, triggering forced closures of leveraged trading positions across exchanges.

WHY IT MATTERS

When people trade crypto, some borrow money to make bigger bets — this is called leverage.

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SOURCES

  • cryptopotato.com

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BTCETHXRPLiquidationsMarket VolatilityLeveraged TradingPrice Decline