Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%
A long-skewed liquidation cascade flushed leverage across the major tokens overnight, with the move tracking a global bond selloff and the worst session for U.S. stocks since March.
News Analysis
This analysis is for informational purposes only and does not constitute investment advice
The crypto market saw a liquidation cascade that could lead to significant losses for long-term investors. The BTC, SOL, and XRP tokens saw their prices decline by 5% each, with the overall market volatility increasing.
