Crypto markets experienced significant volatility, with Bitcoin's sentiment shifting to 'Fear' following tariff news, contributing to massive liquidations totaling up to $19 billion across exchanges. XRP saw extreme price swings, including a reported 40% crash and recovery, alongside substantial whale selling activity. Meanwhile, Ethereum faced price plunges, while altcoins like Litecoin and Dogecoin showed potential for breakouts driven by ETF buzz and whale activity.
Key Developments
- Crypto market liquidations soared to $19 billion in 24 hours, marking a significant single-day collapse.
- Bitcoin's sentiment dropped to 'Fear' after tariff news, though some analysts predict a potential rebound.
- XRP experienced a 40% crash and recovery, coupled with reports of whales offloading $42M-$50M daily.
- Litecoin (LTC) price surged 11%, with analysts eyeing a $135 breakout amid growing ETF approval buzz.
- Ripple expanded into Bahrain, boosting the RLUSD stablecoin and sparking speculation around XRP's ISO 20022 role.
Next 6 Hour Outlook
Given the recent volatility and tariff news, continued market sensitivity to macroeconomic data and regulatory developments is expected, with potential for short-term rebounds or further consolidation.
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