The crypto market experienced significant volatility over the last 6 hours, with Bitcoin (BTC) dipping below $119,000 and Ethereum (ETH) facing substantial sell pressure, both impacted by Trump's tariff threats and triggering $700 million in liquidations. Meanwhile, a $21 million DAI loss on Hyperliquid highlighted ongoing DeFi security concerns. Despite the broader market downturn, Litecoin (LTC) surged 13%, and XRP attracted $6 billion in ETP inflows, demonstrating varied altcoin performance amidst institutional adoption signals from Morgan Stanley and Bitcoin ETF inflows.
Key Developments
- Bitcoin (BTC) price drops below $119,000 following Trump's tariff threats, triggering $700M in crypto liquidations.
- Hyperliquid faces a $21 million DAI loss due to a private key leak, raising DeFi security concerns.
- Litecoin (LTC) surges 13% while XRP sees $6 billion in ETP inflows and leads Coinbase search charts.
- Institutional adoption continues with Morgan Stanley opening Bitcoin access to wealth clients and Bitcoin ETFs extending inflow streaks.
- Major banks explore stablecoins linked to G7 currencies, signaling traditional finance's growing interest.
Next 6 Hour Outlook
Expect continued market volatility influenced by macroeconomic factors and ongoing security developments, with potential for selective altcoin rallies.
Top Tickers
BTC
ETH
XRP
LTC
DOGE
BNB