Crypto Market Crash: Dogecoin and XRP Plunge as Investors Fear a Massive Sell-Off!

Global Crypto Market Cap Dips

The global crypto market cap has plunged from $2.32 trillion to $2.29 trillion overnight, a 1.58% decline. This follows a recent outflow from Bitcoin ETFs in the US, with Bitcoin's price hovering around $66.5K.

Dogecoin and XRP Lead Losses

Among the biggest losers are Dogecoin (DOGE) and XRP (XRP), which experienced drops of 5% and 10%, respectively. Investors are growing concerned about potential crashes for these coins.

Dogecoin Key Level to Monitor

Dogecoin has declined nearly 5% in the past week, accompanied by a slowdown in whale transactions. This trend could indicate a further price decline, with experts predicting a drop to around $0.1171. The key support level to watch is $0.1139.

XRP's Struggles Continue

XRP has faced a significant decline of nearly 10.35% over the past month. Notably, the percentage of XRP coins in profit has plummeted from 79% to 74%, suggesting that investors are experiencing losses and selling their XRP holdings.

Mid-Cap Tokens Suffer Heavier Losses

Smaller tokens like Bonk (BONK) and APE have also faced significant losses, dropping over 7% each. The slowdown in stablecoin issuances is further contributing to market uncertainty for Bitcoin and other cryptocurrencies.