#CreatorPad Today's major developments
1. Broad decline following U.S. inflation data
Bitcoin prices fell by between 2% and 3.85%, reaching around $119,000 after hitting a record high of over $124,000.
Ethereum fell by about 1.4% to 2.4%, dropping below $4,500 before rebounding slightly.
The launch of an intense selling wave led to the liquidation of leveraged positions exceeding a billion dollars.
Meme coins were the most affected, recording sharp declines, such as PEPE, SPX6900, and Fartcoin, which fell by over 10%, leading the sector to losses of about 8.6% over 24 hours.
XRP fell by between 6% and over 7% to around $3.12.
2. General market condition
The decline led to a total market capitalization drop for cryptocurrencies by about $133 billion, from around $4.15 trillion to about $3.96–$3.98 trillion.
Despite the decline, some analysts consider it a "healthy liquidation" after a strong upward wave, and not a sign of a long-term reversal.
3. Other impactful events in the market
Strong performance from Bullish (owner of CoinDesk), with its shares rising by 84% at IPO, then continuing to rise to $75.47, reflecting strong institutional confidence in the crypto market.
The American Bitcoin project, backed by Trump’s sons, is expanding into Asia to build a strategic Bitcoin reserve through investments in public companies in Japan and Hong Kong.
XRP is also showing strong movement, after a rise of about 40% last month, driven by expectations of ETF approval and a decrease in legal cases.
Real-time prices (live)
Bitcoin (BTC): current price around $118,836, down about 2.5% from the previous close.
Ethereum (ETH): price around $4,633, down approximately 2.42%.
Quick summary:
Main catalyst Market reaction
U.S. inflation data (PPI) Rapid price decline and liquidation of speculative positions
Bullish technology Sharp rise in the market capitalization of crypto stocks
Reserve strategies American Bitcoin expansion to build Bitcoin reserves in Asia
XRP Positive momentum despite overall decline
#creatorpad #CreatorPadCrypto $BTC
