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    1. Hungry-Class9806 on

      >This has placed pressure on leveraged positions, with major altcoins like Solana ([SOL](https://finbold.com/cryptocurrency/solana/)) 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.

      When will they learn?

    2. coinfeeds-bot on

      tldr; The cryptocurrency market suffered a major crash, losing $270 billion in value within 24 hours, with Bitcoin, Ethereum, and XRP experiencing significant declines. The downturn was triggered by U.S. Federal Reserve Chair Jerome Powell’s comments on interest rates, which dampened risk sentiment. A stronger U.S. dollar and increased derivatives activity, including a long squeeze, further exacerbated the sell-off. Altcoins like Solana and XRP saw steep drops, and traders are now focused on upcoming macroeconomic data for potential market impacts.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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