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Crypto market crash wipes out $270 billion in 24 hours

The cryptocurrency market has experienced a significant downturn, with over $270 billion in market value evaporating within a 24-hour period. As of press time, the total market capitalization of cryptocurrencies stood at $3.45 trillion, down from $3.72 trillion just a day prior, according to CoinMarketCap data. 30-day global crypto market capitalization. Source: CoinMarketCap Leading the charge in this crash were some of the market’s top cryptocurrencies. Bitcoin ( BTC ), Ethereum ( ETH ), and XRP all saw substantial drops. Bitcoin, for instance, is trading around $103,944. Ethereum’s price has also slumped, now hovering around $3,500, while XRP, despite the recent excitement surrounding Ripple’s Swell conference, fell by 5.46%, trading at $2.27. Top cryptocurrencies. Source: Finbold Why crypto market is crashing The catalyst for this sharp sell-off appears to be comments by United States Federal Reserve Chair Jerome Powell. At last week’s meeting, Powell stated that a rate cut in December was not guaranteed, signaling a slower pace of interest-rate reductions and caution regarding inflation. These remarks immediately impacted global risk sentiment, leading to a sell-off in both equities and cryptocurrencies. At the same time, the rising strength of the US dollar, particularly against the Japanese yen, has further amplified the aversion to risk assets, pushing traders to shift toward safer investments. Additionally, volatility in the cryptocurrency market has been exacerbated by derivatives activity. With perpetual contract volumes soaring by 142% and open interest falling by 5.1%, there have been signs of a classic long squeeze. Pressure on leveraged positions This has placed pressure on leveraged positions, with major altcoins like Solana ( SOL ) and XRP experiencing 8% to 9% drops. In Solana’s case, the price fell below its 200-day exponential moving average (EMA), triggering liquidation events to the tune of $19 million. The market has also been plagued by what analysts are calling “narrative fatigue.” Despite ongoing institutional interest, particularly BlackRock’s push for tokenization, the technical damage to altcoins has been significant and difficult to overcome. As the sell-off continues, traders are keeping a close eye on upcoming macroeconomic data, including the U.S. jobs report on November 7, which could further impact market dynamics. Featured image via Shutterstock The post Crypto market crash wipes out $270 billion in 24 hours appeared first on Finbold . Bitcoin.com

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Finance Expert: Buy XRP ASAP. Here’s why

Financial expert Levi Rietveld has issued a firm statement urging investors to focus on accumulation and restraint in the current crypto market. In a video accompanying his recent post, Rietveld described the present market phase as a rare opportunity for strategic positioning. He emphasized that success does not depend on timing, complex strategies, or speculation, but on consistent buying and the discipline to hold assets through volatility. Rietveld identified XRP , Bitcoin, and Ethereum as the core assets investors should own, calling the decision to purchase and hold them “the easiest macro decision” one could make. His message was straightforward: those who can maintain patience for at least several months are likely to benefit from what he believes is an approaching period of strong performance across major digital assets. XRP – THIS IS ONCE IN A LIFETIME #XRP #Ripple #crypto pic.twitter.com/VSxAhFokad — Levi | Crypto Crusaders (@LeviRietveld) November 2, 2025 Reference to His Previous XRP Gains To reinforce his conviction, Rietveld referred to his own experience during the last bear market. He explained that he purchased XRP daily before the November 2024 rally, a period his holdings surged over fivefold within a few months. According to him, the current market environment mirrors the earlier phase, suggesting that similar opportunities may be forming. His account serves as both personal testimony and a warning to investors who allow impatience to undermine long-term plans. Rietveld noted that many traders tend to sell prematurely or react emotionally to market fluctuations, missing out on substantial gains when momentum returns. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Focus on Execution and Investor Discipline The essence of Rietveld’s message lies in its simplicity: buy quality digital assets and hold them without succumbing to short-term fear. He dismissed overanalysis and market noise, stressing that a consistent, patient approach remains the most reliable path to returns in crypto. His direct language reflected a deep frustration with short-term speculation, a behavior he believes repeatedly prevents investors from benefiting from broader market cycles. Rietveld’s stance aligns with a broader view among analysts who consider this market consolidation as a setup for the next wave of digital asset expansion. His insistence on XRP , alongside Bitcoin and Ethereum, underscores his confidence in assets he views as central to the industry’s next growth stage. While his message carries conviction, investors are reminded that such guidance is based on personal perspective and past outcomes that may not guarantee future results. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Finance Expert: Buy XRP ASAP. Here’s why appeared first on Times Tabloid . Bitcoin.com