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Ethereum and XRP lead $976 million liquidation wave as altcoin rally pulls back

Bitcoin emerges as a rare gainer in a market downturn that sees major altcoins plunge.

CryptoSlate

Jul 24

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Happy Thursday!

The crypto market faces heightened volatility as Ethereum and XRP trigger a $976 million liquidation wave, while Bitcoin defies the downturn as a rare gainer. Legal pressures intensify with Solana Labs and Jito Labs drawn into RICO litigation over the Pump Fun case. Meanwhile, innovation marches forward, Brazilian firm VERT launches a $130 million agribusiness tokenization project on the XRP Ledger, and Ripple co-founder Chris Larsen moves $175 million in XRP amid a surge in scam warnings. Get the essential updates shaping today’s digital asset landscape.

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The global crypto market cap is $3.9 trillion, with a 24-hour volume of $218.42 billion. The price of Bitcoin is $119,297.52, and BTC market dominance is 60.7%. The price of Ethereum is $3,763.94, and ETH market dominance is 11.6%. The best-performing sector is BRC-20, which gained 24%. The Crypto Fear & Greed Index is currently Greed (71).