The cryptocurrency market experienced significant declines and increased liquidations at the beginning of the week. XRP, Dogecoin (DOGE), and Shiba Inu (SHIB) all saw steep losses. Long positions were hit hardest, with a total of $1.57 billion in liquidations in a 24-hour period and $1.70 billion overall. XRP had the most significant drop, losing 11.3% in value. Liquidations amounted to $72.85 million for XRP, with $56.82 million from long positions. Dogecoin and Shiba Inu also experienced sharp losses. Binance, OKX, and Bybit were the top three exchanges in terms of liquidations and trading volume.



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