$BTC
Bitcoin, Ethereum, and XRP all continued a dayslong slump Friday, helping push crypto liquidations over the $900 million mark.
The overwhelming majority of those liquidations, over $823 million worth, were of long positions.
The downturn was due mainly to macro political and economic factors, including a poor U.S. jobs report, new sweeping global tariffs from the Trump administration, and escalating tensions with Russia.
Bitcoin, which nearly eclipsed $120,000 towards the beginning of the week, has fallen to $113,411 at writing, a drop of roughly 5.6% from the recent peak. Ethereum took a steeper dive in the second half of the week, falling from around $4,000 on Sunday to $3,518 at writing—a 10.5% downturn.
XRP followed a similar pattern, topping $3.32 on Sunday before dropping as low as $2.92 earlier today. The token has since leveled out to $2.98, a 10.2% dip since last weekend.
