Crypto Markets Trigger $900M Liquidations Amid Bitcoin, Altcoin Declines

The cryptocurrency market experienced significant declines across major coins including Bitcoin, Ethereum, XRP, Solana, Dogecoin, and Cardano, with total liquidations surpassing $900 million amid a broader sell-off. Bitcoin dropped about 5.6% from its recent peak, while Ethereum, XRP, Solana, Dogecoin, and Cardano saw declines ranging from 5% to 10.5%, driven largely by long position liquidations. This downturn coincided with the U.S. Federal Reserve's decision to hold interest rates steady for the fifth consecutive time, coupled with newly imposed tariffs and geopolitical tensions involving nuclear submarine deployments near Russian waters, which collectively spooked investors. Analysts attribute the sell-off to cautious market sentiment, excess leverage in altcoins, and profit-taking by investors, with substantial liquidation activity indicating increasing sell-side pressure. The crypto market's muted reaction to positive news and the strength of the U.S. dollar suggest ongoing macroeconomic headwinds, with uncertainty expected to continue influencing price volatility before the market stabilizes. Despite the short-term correction, many altcoins remain up for the month, indicating potential recovery once market conditions improve.