Bitcoin (BTC) hovers around $97,000 on Wednesday after declining more than 5% the previous day. Ethereum (ETH) and Ripple (XRP) follow in BTC’s footsteps and decline 8.3% and 6.15% respectively. This recent pullback has triggered a wave of liquidations, resulting in over $560 million in total liquidations in the crypto, according to data from CoinGlass.
XRP price slid 8% towards $2.30 on Tuesday, as bulls failed to reclaim the $2.50 resistance level. On-chain data suggests rising selling pressure for XRP long-term investors ahead of Donald Trump’s inauguration.
Solana price held firmly above $205 mark on Tuesday as hawkish undertones in the latest US JOLTs jobs sparked bearish market reactions. Can Solana’s rising network growth provide a buffer for SOL spot prices against rising volatility?
