In the last 24 hours, XRP, Dogecoin, and Mantra suffered significant long-position liquidations. XRP saw $2.24 million in liquidations against $1.70 million in shorts, while Dogecoin recorded $3.39 million and Mantra’s OM experienced $8.85 million.
The cryptocurrency market faces volatility due to tariff announcements from US President Donald Trump. This uncertainty influences price movements for Bitcoin and altcoins, slowing down recovery efforts.
Bitcoin’s dominance is climbing towards a four-year peak at 63.85%. As Bitcoin holds steady, the expected altcoin season may be delayed, reflecting a challenging environment for altcoin traders.
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