Ripple (XRP), Dogecoin (DOGE) drop 10% as cryptos plunge

2021-8-25 19:00

Top cryptos fell by over 5% today as the broader market saw a hit ahead of a $2 billion Bitcoin options expiry on Friday, data from multiple sources shows.

Leading the red charts were Ripple (XRP), Dogecoin (DOGE), and Solana (SOL), with each falling by over 10% and losing billions of dollars from their respective market caps in mere minutes.

As per data on CryptoSlate, the crypto market lost -4.8% off its $2.1 trillion market cap this morning. Bitcoin (-3%) and Ethereum (-4%) saw relatively lesser drawdowns compared to the likes of more popular alts, such as Cardano (-7%), Polkadot (-8%), and Solana (-13%).

Image: CryptoSlate. Liquidations reach $589 million

Liquidation data on on-chain research tool Bybt showed over $589 million worth of crypto positions were lost to exchanges as the market moved against what most traders had bet on. 

‘Liquidations,’ for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow capital from exchanges (usually in multiples) to place bigger bets—put up a small collateral amount before placing a trade.

Bitcoin traders took on a majority of all liquidations over the past day, with $200 million worth of trading positions getting obliterated. Ethereum traders were next with $113 million in liquidations, with Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE) traders taking on $49 million, $28 million, and $24 million worth of damages.

86%—or $511 million of all liquidations—of all traders were those of a ‘long’ position, meaning betting on higher asset prices.

The post Ripple (XRP), Dogecoin (DOGE) drop 10% as cryptos plunge appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) íà Currencies.ru

$ 2.2417 (+0.23%)
Îáúåì 24H $11.112b
Èçìåíåèÿ 24h: -0.41 %, 7d: -7.17 %
Cåãîäíÿ L: $2.1858 - H: $2.2889
Êàïèòàëèçàöèÿ $128.342b Rank 4
Öåíà â ÷àñ íîâîñòè $ 1.1655 (92.34%)

cryptos ripple dogecoin plunge drop doge xrp

Èñòî÷íèê: cryptoslate.com

cryptos ripple → Ðåçóëüòàòîâ: 108


Ôîòî:

Ripple Open To Burning Nearly 50 Billion XRP Locked In Escrow – CEO Brad Garlinghouse

Ripple has been in the news for some undesired reasons of late, especially due to the ongoing case pitting the company against the US SEC. However, that hasn’t stopped Ripple’s crypto, XRP, from blossoming, although it hasn’t gained by much compared to other top cryptos like Bitcoin and Ethereum. For years now, members of the […]

2021-4-23 17:31


Ôîòî:

As XRP Skyrockets, Ripple CTO David Schwartz Wants You To Consider Selling Some Crypto Holdings

David Schwartz, the Chief Technical Officer at Ripple Labs, has been giving some pretty positive investment advice, but it comes at an interesting time. Simply put, the CTO believes that if someone has life-changing amounts of different cryptocurrencies, that person should definitely consider selling some of the said cryptos in order to reduce the risk of […]

2021-4-15 11:55


Ôîòî:

Here’s The Real Reason Why Ripple’s XRP Has Performed The Worst Among Large-Cap Cryptos

Ripple’s XRP has had a disastrous time over the last two years. In a period where other large-cap cryptocurrencies have been attempting a comeback, XRP has lagged behind significantly. As reported by ZyCrypto earlier, the digital asset emerged as the worst performer among the top 20 cryptocurrencies during the first quarter of 2020. At $0.20, […]

2020-5-23 20:47


Ôîòî:

Ripple’s UBRI Participants Striving for a More Environmentally Sustainable Cryptospace 

Ripple’s University Blockchain Research Initiative (UBRI) participants, Professor Anwar Hasan of the University of Waterloo’s Department of Electrical and Computer Engineering, alongside Research Associate, Crystal Roma, are conducting blockchain research to find out ways bitcoin and other cryptos can be made more environmentally friendly, reports Ripple Insights on April 28, 2020.

2020-4-30 01:07


XRP is not a security, claims Ripple’s Brad Garlinghouse

Financial regulators have been highly involved with cryptocurrencies, further defying the latter’s nature of being decentralized assets. While these regulators have been in the news a lot lately owing to Facebook’s Libra, agencies such as the SEC have also garnered a lot of attention owing to its ruling on whether certain cryptos constitute a security […] The post XRP is not a security, claims Ripple’s Brad Garlinghouse appeared first on AMBCrypto.

2019-10-30 09:30


U.S dollar, Yuan, Euros need cryptos for easy translation of value, claims Ripple’s Chris Larsen

When the concept of virtual assets surfaced a decade back, the potential of ‘Internet of Value’ seemed ready to being unleashed. Originating back in 1982, Internet of Value translates to an online medium where users can transfer any form of value [monetary or social] across the network, while discarding the need for middlemen and basically […] The post U.

2019-9-6 15:30


Facebook approached the regulatory scene brazenly, says Ripple’s Brad Garlinghouse

Ripple CEO, Brad Garlinghouse, explained how there should be a level playing field when it comes to cryptos, adding that Secretary Mnuchin was right with his points during the hearing. Garlinghouse spoke to CNBC and gave his views on how Libra has helped the cryptocurrency ecosystem gain more traction by trying to fast-forward discussions and by […] The post Facebook approached the regulatory scene brazenly, says Ripple’s Brad Garlinghouse appeared first on AMBCrypto.

2019-7-20 21:00


KPMG States: Out of 1,500+ Cryptos; Bitcoin, Ripple, Ethereum, & IOTA are the “Most Important”

There are four most important cryptocurrencies viz Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), and IOTA (MIOTA) as per KPMG’s insight blog titled, “Cryptocurrencies: Do they matter to corporate treasuries?” One of the Big Four auditors KPMG is a network of professional service firms that provides tax, advisory, and financial audit services. With large companies like […]

2019-5-5 18:16


Ripple’s Head of Regulations: Cryptos are an Additive, Not a Separate Industry to the Financial System

Crypto companies seem to be following very different ways in order to grow. While some of them are the most hardcore Satoshi Nakamoto followers and want to use their inventivity and technology to topple the current financial world and take its place, some are far more moderate than that. Ripple, without a doubt, one of […]

2019-5-3 05:32


Ripple’s XRP Coin Becomes The Biggest Pledged Asset Class On CredEarn With 9% Earning Interest

XRP Becomes The Biggest Pledged Asset Class On CredEarn With 9% Earning Interest In the current bear market, lending businesses are gaining increasing traction and making good business. Now, on Cred platform, among the top cryptos that is Bitcoin and Ethereum, XRP emerged as the biggest pledged digital asset. CredEarn is a solution by Cred […]

2019-3-29 19:47


äàëüøå åùå 59 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Ethereum Dips Below $3,100 – New All-Time High Possible Before 2025?

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, recently experienced a significant price correction, dropping below $3,100 for the first time in 29 days. This marks a notable shift from its peak performance in December, when it reached this year’s high of $4,106 on December 16.