Altcoin Bloodbath: ETH, XRP, SOL, DOGE Crumble as Liquidations Near $900M

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The crypto market: the place where dreams are made and instantly shattered. This week, we witnessed the *glorious* rise to $4.4 trillion, only to plummet into chaos after US President Donald Trump decided to throw a hissy fit about China. Who could have predicted? (Spoiler: Everyone.) 😬

Ethereum, bless its heart, is one of the most tragic performers today, losing nearly 6% of its value. It’s like watching your favorite reality TV star go from a sparkling diamond to a broken bottle. ETH has now dipped below $4,100, and it’s headed straight for $4,000-let’s throw a little party when that happens. 🎉 According to CoinGecko, its weekly losses are a delightful 10.6%. But hey, who’s counting, right?

Meanwhile, SOL and DOGE are doing their best impressions of falling off a cliff. Both are down over 4.5% daily, scrambling around under $210 and $0.24 like confused puppies. 🐶

Ripple’s XRP, however, is the somewhat less dramatic cousin in this family of misery. It’s down a mere 3% today (so generous). But over the past week, it’s been a different story, with a near 11% dip, desperately testing a key support at $2.70. Think of it like a bad Tinder date: still around, but you’re not sure why. 🧐

Bitcoin, the leader of the crypto pack (for now), took a dive from over $121,000 to a meek $119,000 after Trump’s political soap opera. And just when you thought it couldn’t get worse, it slid further to $117,000. So glamorous. The first major support wall is hanging out at $116,700, but will it be enough? Is anyone else holding their breath? 😬

Altcoin Sherpa is basically saying, “Buckle up, buttercup,” and predicting BTC could fall further to $115,000 if it closes below $117,600. So, not exactly sunshine and rainbows over there. 🌧️

But wait-Satoshi Flipper, the eternal optimist, swoops in like a white knight. He’s convinced this sell-off, which has swept through other markets like the S&P 500 (because why not?), is just a “monster discount.” Oh yes, two more interest rate cuts from the Fed? Buy the dip! Buy the dip! 📉

And then, the liquidation numbers came in, and they’re ugly. A whopping $900 million in wrecked positions in just one day. Over 250,000 traders are now re-evaluating their life choices. Yikes. 😱

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2025-10-10 22:47