Major Cryptocurrencies Face Steep Declines Amid Broad Market Selloff and Liquidation Risks
Major Cryptocurrencies Face Steep Declines Amid Broad Market Selloff and Liquidation Risks
The broader cryptocurrency market is experiencing a significant downturn, with major assets like Bitcoin, Ethereum, and XRP facing steep price declines and increased volatility. Bitcoin has plunged towards critical support levels, falling below $70,000 amidst massive ETF outflows and warnings of further substantial drops. Adding to the negative sentiment, the U.S. Treasury has explicitly stated its inability to intervene and support Bitcoin prices.
Ethereum is under immense pressure due to billion-dollar selloffs and high-stakes liquidation risks associated with large leveraged positions. Meanwhile, XRP has been particularly hard hit, experiencing one of the steepest declines in the current market rout. This widespread selloff has erased significant trading positions and signals a challenging period for digital assets.
Markets plunge as Bitcoin and silver just triggered a global margin call after inflation warnings made a recovery look impossible
Bitcoin is plummeting toward a dangerous $56,100 price floor as massive ETF outflows signal a demand crisis At some point every cycle has the same moment, the one where the story stops being about charts and starts being about cash. You can see it in the way traders talk, the jokes dry up, the group.
Bitcoin faces a brutal irony as the Treasury refuses to save BTC from its own political success
Treasury Secretary Scott Bessent told Congress he has no authority to bail out Bitcoin. The exchange came during a Senate Banking Committee hearing, when Senator Brad Sherman asked whether the Treasury could intervene to support cryptocurrency prices. Bessent's answer was direct: he cannot use taxpayer dollars to buy Bitcoin, and the question falls outside his.
Bitcoin in critical warning zone threatening a 42% drop before the new bull run can start
Bitcoin is back in that familiar place where the chart looks ugly, the timeline feels loud, and everyone is trying to guess whether the next move is the one that finally breaks the mood. Today, Bitcoin fell below $70,000 for the first time in well over a year. Historically, that price still looks strong, especially.
Bitcoin sinks below the $70,000 critical support but XRP is hit hardest
Bitcoin retreated below the closely watched $70,000 threshold, leading a broad selloff in digital assets that has erased over $1 billion in trading positions. According to CryptoSlate's data, the world’s largest cryptocurrency fell to lows not seen since the November 2024 election, dragging the wider market into the red. Ethereum slid 7% to around $2065.
Ethereum hit by billion dollar sell pressure as top crypto fund faces $862M high stakes liquidation risk
A leveraged Ethereum position built by Jack Yi's Trend Research continues to unwind under pressure. The position, assembled through Aave's lending protocol and reported to have reached roughly $958 million in borrowed stablecoins at its peak, has been shrinking through repeated defensive sales as Ethereum's price declines. On Feb. 4, Trend deposited another 10,000 ETH.