Crypto Market Sees $1.2 Billion in Liquidations as Bitcoin, Dogecoin, XRP and Solana Face Double-Digit Losses

The crypto market experienced significant losses, with Bitcoin, Ethereum, XRP, Dogecoin, and Solana all dropping by double digits after Federal Reserve Chair Jerome Powell’s comments on inflation projections. Dogecoin, known for its sensitivity to macroeconomic news, plummeted 20%, leading to panic selling and over $1.2 billion in liquidations, particularly in long positions. Despite some altcoins like Fartcoin gaining attention, the overall sentiment in the market remains bearish as Bitcoin fell below $100,000, signaling vulnerability and prompting analysts to monitor further developments closely.

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