   
Cryptocurrency promoted by Ripple XrpSolana (soil), Dogecoin (Doge) and Cardano (ADA) Plunged two figures on Monday morning, victim of a crypto market which is bleeding seriously while Bitcoin, the largest cryptocurrency in the world in terms of market capitalization, fell under the psychologically significant level of $ 100,000.
The tumultuous start of the new BTC week apparently took the traders off guard, the sudden fall in the crypto triggering liquidations worth around $ 864 million in 24 hours.
Crypto carnage sees liquidations of $ 860 million
The new week has started with pain for crypto, because traders see no sign of a rebound in relief to come so far, the 50 main cryptocurrencies, with the exception of stable pieces, displaying losses of day overnight.
Among the first 10 cryptos in terms of market value, Solana’s soil was the hardest blow, while the XRP and the Cardano (ADA) of Ripple also dropped two -digit in the past 24 hours, according to data de Coingecko.
During the last day, Sol fell from 12 % to $ 223, while Cardano dropped from 10.7 % to $ 0.8772. The Ripple XRP dropped from 11 % to $ 2.77, while Ether, the second largest cryptocurrency in terms of market capitalization, plunged 7.4 % during the last day and About 9.2 % in a week. And even dynamic memes currencies are declining, Dogecoin (DOGE) losing 11.2 % of its value in 24 hours.
 Bitcoin (BTC) was also not spared, falling from 5.7 % to $ 98,528 at the time of publication.
Coinglass liquidation data shows that more than $ 864 million have been erased for more than 316,301 traders. Bitcoin traders have felt the most suffering with around $ 247 million in long liquidations, but the real drama came from a single BTC whale on HTX which lost $ 98.46 million at one time when its long position has been wiped out.
And then: Imminent FOMC meeting
Chaos on the cryptography market precedes the first meeting of the American FOMC in 2025. Traders do not expect any indication of a drop in rates at the two -day meeting, which will take place from January 28 to 29. change of rate during this meeting.
“$ BTC simply heads for a extremity of our range in which we were trapped last week, there is nothing to panic,” said Crypto analyst widely followed Creedible Crypto. laid In a part of his last message on the X platform (alias Twitter).
“In fact, I am happy that we first visited the lowest, because it is healthier for us to take liquidity in the lowest of this fork while leaving liquidity to the highest.”
Most observers generally think that the last bloodbath is a healthy correction rather than the start of a longer downward trend. The bullish feeling remains strong when Microstrategy by Michael Saylor and World Liberty Financial of Trump continue to accumulate cryptocurrencies.