The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Ethereum

Ripple (XRP), Dogecoin (DOGE) drop 10% as cryptos plunge

by Miki 08/29/2021
by Miki 08/29/2021 0 comment
Ripple (XRP), Dogecoin (DOGE) drop 10% as cryptos plunge | CMB

Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more.

Start Earning Interest

Bitcoin · Dogecoin · Ethereum · XRP › Trading

The market dropped ahead of a massive options expiry on Friday, with several large-caps falling 10%.

Shaurya Malwa · August 25, 2021 at 5:00 pm UTC · 2 min read

Ripple (XRP), Dogecoin (DOGE) drop 10% as cryptos plunge

Top cryptos fell by over 5% today as the broader market saw a hit ahead of a $2 billion Bitcoin options expiry on Friday, data from multiple sources shows.

Leading the red charts were Ripple (XRP), Dogecoin (DOGE), and Solana (SOL), with each falling by over 10% and losing billions of dollars from their respective market caps in mere minutes.

As per data on CMB, the crypto market lost -4.8% off its $2.1 trillion market cap this morning. Bitcoin (-3%) and Ethereum (-4%) saw relatively lesser drawdowns compared to the likes of more popular alts, such as Cardano (-7%), Polkadot (-8%), and Solana (-13%).

Image: CMB.

Liquidations reach $589 million

Liquidation data on on-chain research tool Bybt showed over $589 million worth of crypto positions were lost to exchanges as the market moved against what most traders had bet on. 

‘Liquidations,’ for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow capital from exchanges (usually in multiples) to place bigger bets—put up a small collateral amount before placing a trade.

Bitcoin traders took on a majority of all liquidations over the past day, with $200 million worth of trading positions getting obliterated. Ethereum traders were next with $113 million in liquidations, with Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE) traders taking on $49 million, $28 million, and $24 million worth of damages.

86%—or $511 million of all liquidations—of all traders were those of a ‘long’ position, meaning betting on higher asset prices.

Source link

Views: 0
CryptosDOGEDogecoinDropPlungeRippleXRP
Share
0
FacebookTwitterPinterestEmail
previous post
Why Breaking $49K Is Important For Bitcoin To See Another All-Time High
next post
Cryptopunks NFT Collection Joins Axie Infinity and Opensea by Hitting $1 Billion in Sales – Blockchain Bitcoin News

Related Posts

Bitcoin, Ethereum beat gold in 2021, big time

12/28/2021

Bullish Signal? Ethereum Market Dominance Sitting Above 20%

12/28/2021

Ethereum Foundation announces the launch of the Kintsugi...

12/26/2021

Crypto Research Analyst Puts Ethereum At $9,000 In...

12/23/2021

Snoop Dogg Joins The Bored Ape Yacht Club...

12/23/2021

How Ethereum 2.0 One-Year Stats Stack Up

12/22/2021

Jack Dorsey Disses Ethereum, Web3 In Twitter Rampage

12/22/2021

Ethereum splinternet, are scaling solutions breaking up the...

12/21/2021

Ethereum Exchange Withdrawals Reaches One-Year Low. Why This...

12/21/2021

Do Senator Lummis & Toomey’s Bitcoin Holdings Pose...

12/20/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • SEC Commissioner Elad Roisman Sets to Leave the Agency in next January

  • BTC Price All Set To Resume A Parabolic Trajectory, Here’s Complete Analysis

  • Has Shiba Inu ($SHIB) Lost Its Momentum Amid Bitcoin ($BTC) ATH Surge?

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,186.00-1.79%
  • ethereumEthereum(ETH)$1,968.67-2.69%
  • tetherTether(USDT)$1.000.03%
  • usd-coinUSD Coin(USDC)$1.000.13%
  • binancecoinBNB(BNB)$295.12-1.25%
  • rippleXRP(XRP)$0.411735-3.29%
  • Binance USDBinance USD(BUSD)$1.000.21%
  • cardanoCardano(ADA)$0.53-5.71%
  • SolanaSolana(SOL)$51.03-5.52%
  • dogecoinDogecoin(DOGE)$0.085471-2.50%
  • polkadotPolkadot(DOT)$10.01-5.10%
  • AvalancheAvalanche(AVAX)$30.65-6.03%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,145.00-1.95%
  • Lido Staked EtherLido Staked Ether(STETH)$1,934.89-2.90%
  • tronTRON(TRX)$0.0713721.35%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.000012-3.02%
  • daiDai(DAI)$1.000.37%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • CronosCronos(CRO)$0.187785-3.62%
  • litecoinLitecoin(LTC)$67.40-4.49%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.950.39%
  • matic-networkPolygon(MATIC)$0.65-6.14%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.09-4.75%
  • FTX TokenFTX Token(FTT)$30.32-3.31%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$194.62-3.69%
  • RareRare(RARE)$0.0461220.00%
  • stellarStellar(XLM)$0.132405-2.31%