CandleFocus Altcoins XRP, Tron and Cardano Cool Off as Market Reacts to Bitcoin Plunge
2024-12-10
Author: Content Editor
The crypto market experienced a sharp downturn, with top altcoins XRP, Tron, and Cardano taking significant hits. The decline was triggered by Bitcoin's retreat from $100,000, leading to liquidations and a market-wide selloff. Bitcoin is currently trading just above $97,000. XRP dropped 12% in 24 hours, TRX plunged 16.6%, and ADA saw a 13.5% decline. Over $1.5 billion in liquidations were recorded, with XRP accounting for $57.44 million. The market turbulence is seen as a temporary pit stop before further highs, as historical trends suggest a potential recovery as investors reassess their positions.
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