Ether, Solana and XRP recorded notable declines as part of a broader cryptocurrency market selloff. Ethereum, or ETH, fell by approximately 5.9% to around $2,100, while XRP declined by 7.3%. Cryptocurrency liquidations reached $580 million, mainly because leveraged positions were forcibly closed when collateral proved insufficient. A substantial portion of the liquidated positions were longs, indicating strong downward pressure. Investors will closely monitor XRP’s price movements, Ripple’s leadership decisions, the actions of major institutional investors and any significant announcements from regulatory bodies.
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