🚨 Crypto Market Liquidation Shock: $860M Wiped Out 😱

Markets faced a sudden jolt as over $860M in bullish positions got liquidated within hours, triggered by hotter-than-expected U.S. inflation data. This erased hopes for quick Fed rate cuts and spooked investors worldwide. 📉 $BTC

BTC

88,561.24

+0.28%

Ethereum traders saw the heaviest hit, with millions lost as leveraged longs collapsed. Bitcoin also faced intense selling pressure, showing how quickly momentum can shift in a highly volatile market. ⚡$ETH

ETH

3,000.06

+0.80%

Altcoins like XRP weren’t spared either, adding to the fear across the sector. Analysts now warn of further volatility as traders await key Fed updates in September. 🌀 $XRP

XRP

1.9226

-0.53%