Liquidations Hit $613M With XRP & ADA Pulling Back Hard

The top crypto asset Bitcoin (BTC) has dwindled from $105K to $101K on Wednesday, pushing back many bullish projections and liquidating over $503 million in long positions. This liquidation heatwave has passed on to the major-cap altcoins, with Ripple (XRP) & Cardano (ADA) sinking 3.6% each. Altcoins Swim In Red Sea On China’s $13B Theft Accusations Now, Ripple’s native token XRP is trading at $2.35, far below the psychologically crucial XRP resistance level of $2.50. For Cardano (ADA), the recent pledge to support SWIFT’s transition to the ISO 20022 messaging standard didn’t shield from a weekly pullback from $0.60

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