{"id":50938,"date":"2026-07-28T04:31:04","date_gmt":"2026-07-28T04:31:04","guid":{"rendered":"https:\/\/cryptd.in\/700-million-in-liquidations-as-btc-eth-xrp-plunge-ahead-of-fomc\/"},"modified":"2026-07-28T04:31:04","modified_gmt":"2026-07-28T04:31:04","slug":"700-million-in-liquidations-as-btc-eth-xrp-plunge-ahead-of-fomc","status":"publish","type":"post","link":"https:\/\/cryptd.in\/sv\/700-million-in-liquidations-as-btc-eth-xrp-plunge-ahead-of-fomc\/","title":{"rendered":"$700 Million in Liquidations as BTC, ETH, XRP Plunge Ahead of FOMC"},"content":{"rendered":"

Bitcoin\u2019s Monday rally that drove it to $65,600 on a couple of occasions has come to a screeching halt, as the asset has not only erased all gains but plummeted even more to a ten-day low.<\/p>\n

Most altcoins have followed suit, which has skyrocketed the daily liquidations to approximately $700 million.<\/p>\n

\"BTCUSD<\/a>
BTCUSD July 28. Source: TradingView<\/figcaption><\/figure>\n

The chart above paints a clear and painful picture. BTC had maintained $64,000 over the weekend before it jumped to a multi-day peak of $65,600 on Monday. It tried to take down that resistance twice, but it was stopped each time.<\/p>\n

The second rejection was quite violent as it drove the asset south by nearly $3,000 in hours. Thus, BTC plummeted to $63,000 for the first time since July 17.<\/p>\n

Popular analyst CRYPTOWZRD weighed in<\/a> on the latest move south, indicating that the largest digital asset had closed bearish. They believe it\u2019s essential for BTC to remain above the currently tested support at $63,000; otherwise, it could slump to new local lows.<\/p>\n

ETH was yesterday\u2019s top gainer, surging to a two-month peak<\/a> of $1,980. However, it has lost $100 since then and now sits well below $1,900. XRP has dumped by 4.5% to $1.06, thus slipping below the coveted $1.10 support. SOL is down by a similar percentage, while HYPE has plummeted by 6%.<\/p>\n

Expectedly, this big market move has harmed over-leveraged traders, as more than 165,000 such participants have been wrecked in the past 24 hours. The total value of liquidated positions has risen to almost $700 million on a daily scale. Naturally, BTC and ETH lead the pack.<\/p>\n

\"Liquidation<\/a>
Liquidation Data on CoinGlass<\/figcaption><\/figure>\n

This morning\u2019s market crash comes just a day before the US Federal Reserve is scheduled to announce its interest rate decision, and the uncertainty around a potential hike has harmed risk-on assets like crypto.<\/p>\n

Inl\u00e4gget $700 Million in Liquidations as BTC, ETH, XRP Plunge Ahead of FOMC<\/a> publicerades f\u00f6rst p\u00e5 CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s Monday rally that drove it to $65,600 on a couple of occasions has come to a screeching halt, as the asset has not only erased all gains but plummeted even more to a ten-day low. Most altcoins have followed suit, which has skyrocketed the daily liquidations to approximately $700 million. BTCUSD July 28. Source: […]<\/p>\n","protected":false},"author":1,"featured_media":50940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-50938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\n$700 Million in Liquidations as BTC, ETH, XRP Plunge Ahead of FOMC - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/sv\/700-million-in-liquidations-as-btc-eth-xrp-plunge-ahead-of-fomc\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$700 Million in Liquidations as BTC, ETH, XRP Plunge Ahead of FOMC - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Bitcoin\u2019s Monday rally that drove it to $65,600 on a couple of occasions has come to a screeching halt, as the asset has not only erased all gains but plummeted even more to a ten-day low. Most altcoins have followed suit, which has skyrocketed the daily liquidations to approximately $700 million. BTCUSD July 28. 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