Sources
Summarized by i88Tickers
XRP fell 5.98% in four hours to $1.24 on Binance spot trading and was down 5.4% over 24 hours and 4.9% over the week, with long liquidations across Binance, Bybit and OKX totaling $5.62 million in a single one-hour period. Bitcoin dropped 5% Thursday to about $76,556, triggering more than $800 million in liquidations over 24 hours—Coinglass data shows 166,704 traders liquidated for $837.99 million—while Ethereum, Dogecoin and other majors also fell about 5%. Commenting on the selloff, Peter Schiff called Thursday’s reversal “perfectly rational” after Wednesday’s post-election stock rally “made no sense,” warning investors to “expect…
Crypto Majors Slide as Bitcoin, Ethereum and XRP Fall Over 5%
Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) were down more than 5% on Thursday, according to a Benzinga report, as a broad selloff hit major digital assets.
Schiff: Thursday’s Reversal ‘Makes Perfect Sense’
Commenting on the move, Peter Schiff said investors should “expect more days like today.”
Schiff characterized Thursday’s selloff as “perfectly rational,” arguing that Wednesday’s stock rally following the Democratic landslide “made no sense,” while Thursday’s reversal “makes perfect sense.”
Market Snapshot
- Bitcoin (BTC): down over 5% Thursday
- Ethereum (ETH): down over 5% Thursday
- XRP (XRP): down over 5% Thursday
The article did not specify exact price levels for the assets.
Context
The declines came a day after a stock market rally tied to the Democratic landslide, a move Schiff said was disconnected from fundamentals. His remarks frame Thursday’s crypto losses as a correction rather than an anomaly, with his warning suggesting further volatile sessions ahead.
The report did not include additional details on trading volumes, liquidation figures or specific price levels for the three assets.