$XRP Trading Volume Surges by 77% Amidst $485 Million Crypto Liquidations
The cryptocurrency market has witnessed liquidations totaling $485 million during the ongoing downturn.
As the week begins, crypto assets are under significant selling pressure due to escalating trade disputes and uncertainties surrounding tariffs, which are negatively impacting risk-sensitive investments. Data from CoinGlass indicates that within the past 24 hours, liquidations across cryptocurrencies have reached $485 million.
CoinGecko reports that this period also saw a decline of approximately $100 billion in total market capitalization. Leading digital currencies such as $XRP experienced losses as they mirrored broader economic and geopolitical developments. At present, $XRP has dropped by 3.49% over the last day to trade at around $1.37, extending its weekly decline to 6.51%.
Market experts suggest that this downturn is less about any single news event and more attributable to diminished liquidity and weak investor confidence.
Currently, cryptocurrencies remain closely tied to macroeconomic factors. Until there is clarity on tariff policies, digital assets will likely continue moving in tandem with overall risk appetite rather than responding solely to crypto-specific news.
Dogecoin Set for Its First Golden Cross Against Bitcoin Since 2026
The meme coin Dogecoin ($DOGE) is approaching a notable technical milestone against Bitcoin ($BTC)—its first golden cross since early 2026—signaling potential strength amid an extended downtrend.
This indicator occurs when Dogecoin’s short-term (23-day) simple moving average nears crossing above its longer-term (50-day) average on daily charts tracked via Binance on TradingView platforms for the DOGE/BTC pair.
This crossover implies that Dogecoin’s recent price momentum over three weeks outpaces its performance over roughly ten weeks—a positive shift after months of lagging behind Bitcoin’s gains.
The likelihood of this event increased notably during trading on February 23rd when Dogecoin outperformed Bitcoin relatively: while Bitcoin hovered near $65,755 with slight losses for the day, Dogecoin maintained levels close to $0.095 and posted stronger intraday advances. This divergence accelerated the rise of DOGE’s short-term average toward intersecting with its long-term trend line.
A substantial rally isn’t necessary for DOGE here—it only needs to appreciate faster than BTC within current market conditions. For investors holding both coins simultaneously, confirmation of this crossover would indicate superior short-term returns from Dogecoin compared with Bitcoin under similar circumstances.
Ethereum Founder Sells Over 3,700 ETH Within Three Days Amid Market Correction
Vitalik Buterin has recently sold nearly $7.3 million worth of Ethereum tokens ($ETH) in just three days according to blockchain analytics data.
The co-founder of Ethereum appears to be accelerating his asset liquidation pace amidst a wider market correction phase fueling speculation about whether his sales might be influencing bearish trends in ETH prices.
An analysis by Lookonchain reveals Buterin offloaded approximately 3,788 ETH over a span of seventy-two hours alone—a significant amount given current conditions—which adds up alongside previous disposals earlier this month totaling more than 8,800 ETH valued between roughly $16 million and $18 million so far in February alone.
(p)Earlier announcements indicated that both Vitalik Buterin personally along with affiliated organizations like Kanro planned entering “mild austerity” measures aimed at funding ecosystem growth initiatives including research grants and open-source software development through asset sales.
(p )However , traders were surprised by how rapidly these sell-offs occurred . Lookonchain emphasized Buterin & #39;s increasingly swift pace & quot ; selling & lt ; strong>$ETH& quot ; again despite prior liquidations .