Crypto Markets See $860M in Liquidations Amid 9% Price Drops

A significant sell-off across crypto markets has triggered nearly $860 million in bullish liquidations, impacting major currencies like Ethereum, Bitcoin, XRP and Dogecoin. The losses reached around 9% for these assets, with ETH experiencing the largest liquidation of $348.9 million. This market event highlights the increased sensitivity to macroeconomic factors. The sudden rise in U.S. inflation has prompted traders to exercise caution, particularly after surprising data released this week.