Crypto Shake-Up: Ethereum Tumbles 4%, XRP Crashes 12% While Bitcoin Stands Firm

Market tremors hit altcoins as Ethereum and XRP take double-digit hits—while Bitcoin plays the immovable object. Here’s the damage.

Ethereum’s 4% Drop: Smart contracts bleed out

ETH’s slide mirrors broader DeFi unease—no ‘ultra-sound money’ jokes today. Validators too busy sweating.

XRP’s 12% Nosedive: The SEC lawsuit hangover lingers

Ripple’s legal ‘win’ can’t stop the sell-off. Turns out ‘not quite a security’ doesn’t mean ‘moon mission.’

Bitcoin’s Stability: The digital gold narrative holds… for now

While alts flail, BTC’s +0.3% counts as heroic. Traders pivot to ‘safe’ bets—or whatever passes for safety in this casino.

Closing thought: If you wanted predictable returns, you should’ve bought Treasury bonds. Oh wait—those defaulted last year.

In Brief

• Ethereum drops 4%, after a week of gains, signaling an expected market correction.
• XRP plunges 12%, its long positions liquidated, adding pressure on the crypto market.
• Solana and other altcoins show signs of fatigue, exacerbated by excessive leverage.
• Massive liquidations amounting to $837 million signal instability likely to persist in the short term.

Altcoins Under Pressure: Correction or Just a Pause?

The crypto market has recently shown. After a strong rise,, and with it, altcoins have also seen their prices climb. But this BTC stability seems insufficient to sustain the momentum of altcoins like Ethereum, XRP, and Solana.

Within 24 hours,, despite some Bitcoin stability, which only fell by 0.6%.

Analysts highlight that, but rather a natural adjustment. Min Jung, analyst at Presto Research, explains:

This seems more like a breather or profit-taking event, especially considering that ethereum is still up 7%.

The altcoin rally has often been driven by, and once enthusiasm fades, a correction becomes almost inevitable. This phenomenon reminds us that altseason is as volatile as it is fascinating, with spectacular rises followed by sudden drops.

Liquidations: A Destabilizing Effect on the Crypto Market

have also played a major role in the altcoin decline. The price correction is exacerbated by overly risky long Leveraged positions, particularly on Ethereum and XRP. According to Coinglass data,in the crypto market, including $168 million for Ethereum and $92.7 million for XRP. This cascade liquidation phenomenon directly impacts the price of these altcoins.

Experts attribute this dynamic to. Ryan McMillin, Chief Investment Officer at Merkle Tree Capital, mentions this pressure by pointing out that the altcoin market is currently under pressure due to liquidations related to overly risky long positions.

Such a dynamic illustrateswhich, although very performant during rallies, quickly show their limits when a correction wind blows on the market. Solana, for example, has seen a record increase in its open interest on derivative contracts, suggesting overheating that could lead to new liquidations.

Altcoins in a Delicate Position: What Does the Future Hold?

Investors now wonder: are altcoins simply in a temporary correction phase, or are we witnessing a deeper turnaround? Predictions remain divided., such as possible rate cuts by the Fed, and Bitcoin’s consolidation around $120,000, support some analysts’ optimistic view. According to them, the market could resume its upward march as soon as the current correction is absorbed.

However,indicate that this recovery could take longer than expected. The correction may offer opportunities to those who navigate volatility cautiously. Investors should closely watch altcoin support levels, notably Ethereum and Solana, to identify potential entry points for a rebound.

Some key figures on the current correction:

• Ethereum fell 4% in 24 hours, despite a 7% weekly gain;
• XRP lost 12%, with liquidations totaling $92.7 million;
• More than $837 million in liquidations have affected the entire crypto market;
• Solana saw its open interest reach record levels, but its price remains at 30% of its peak;
• The correction was exacerbated by high leverage positions and cascade liquidations.

A few months ago, an analyst predicted an altseason 250 times more powerful. However, with the ongoing correction and persistent volatility in altcoins like Ethereum and Solana, these forecasts appear somewhat overly optimistic. If altseason can still happen, it might not be as spectacular as hoped. The key to the future of altcoins lies in short-term risk management while monitoring macroeconomic factors that, in the long term, could offer new opportunities.

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