XRP, SOL, ETH, DOGE News: Traders Face $800M Liquidations as Fed Sparks Market Reversal

Crypto markets saw significant volatility as Bitcoin was liquidated heavily following the Federal Reserve's cautious comments after a widely anticipated 25-basis-point rate cut. Bitcoin fell to nearly $108,000 before rebounding above $110,000, leading to approximately $817 million in leveraged futures liquidations. Long traders were predominantly affected by this sell-off. Analysts suggest this spike in liquidations may indicate a capitulation phase, potentially setting up for a short-term market bottom. The Fed's ambiguous future rate plans and ongoing geopolitical changes are influencing trader sentiment. XRP, meanwhile, faced a rejection at the $2.67 resistance level, dropping to $2.59, amid increased selling by large holders. While short-term volatility persists, the macroeconomic environment might favor Bitcoin's recovery if liquidity expands. Analysts predict Bitcoin could stabilize above $115,000 assuming leveraged traders avoid significant losses again.

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