Daily Crypto Signals: $1 Billion in Liquidations Crush Bitcoin and XRP
Cryptocurrency markets experienced significant volatility in early March, with Bitcoin dropping below $83,000 and XRP struggling to maintain momentum amid broader economic uncertainties. Derivatives liquidations and macroeconomic factors have played a crucial role in shaping market dynamics across major cryptocurrencies.
Global Crypto Markets Reel from $1 Billion Liquidation Tsunami
Fears of a possible trade war have caused over $1 billion in futures liquidations on March 4, therefore highlighting significant volatility in the bitcoin market. While the US Securities and Exchange Commission (SEC) discontinued its inquiry into Yuga Labs, the International Monetary Fund (IMF) has made fresh proposals to limit El Salvador’s Bitcoin purchases.
Bitcoin’s Rollercoaster: From $93K Peaks to $82K Valley
From about $93,000 to almost $82,000, Bitcoin BTC/USD saw notable price swings. Deratives markets point to a temporary decline notwithstanding the dip. Based on the ISM business cycle, analysts such as Raoul Pal project Bitcoin might max out in late 2025 or early 2026. The path of Bitcoin depends much on the macroeconomic indices and global M2 money supply.
Ethereum’s Brutal 22% Plunge Exposes DeFi Liquidation Risks
Ethereum ETH/USD lost 22% of its value in 48 hours and traded close to $2,080 under great pressure. A MakerDAO post valued at $126 million came within 4% of liquidation, underscoring the flux of the market. Partly because of institutional inflows and the emergence of other blockchains, the cryptocurrency has underperformed against Bitcoin.
XRP’s Painful Retreat: From $3.40 to $2.40 Amid Uncertain Options Market
From its January top of $3.40 to about $2.40, XRP XRP/USD has suffered a noteworthy fall—30%. Fascinatingly, the $5 call option stays the most often used bet on Deribit; many of these are probably covered call strategies instead of pure bullish positions.
Solana at a Crossroads: Protocol Upgrades Threaten Validator Economics
Solana SOL/USD is negotiating possible protocol changes that would have a big effect on validator earnings. Two suggested changes seek to modify staking rewards and inflation rates, therefore possibly reducing validator earnings by up to 95%. Staked supply of the network has been rising, and there is hope regarding possible SOL ETF certifications in 2025.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals