XRP, SOL, ETH, DOGE News: Traders Take on $800M Liquidations as Fed’s Caution Sparks ‘Sell-the-News’ Reversal

Bitcoin experienced significant volatility, dropping to nearly $108,000 before surging above $110,000, with $817 million in leveraged futures liquidations affecting long traders the most. This pullback followed the Federal Reserve's expected 25-basis-point rate cut, but Chair Powell's cautious comments about future rate cuts dampened market optimism. Over 165,000 traders faced liquidations, with notable losses on platforms like Hyperliquid, Bybit, and Binance. Analysts indicate that while short-term volatility may continue, favorable macroeconomic conditions may support a Bitcoin rally if liquidity increases. Meanwhile, XRP faced a failed breakout above $2.67, leading to a slight drop in price amid high trading volume, raising concerns of profit-taking among large holders. Analysts suggest watching the support level of $2.58 for potential further downturns, but believe macro conditions could favor future advancements for Bitcoin and Ethereum as liquidity expands.

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