Ether, XRP down 5% as crypto’s painful week continues

Major tokens XRP, BNB Chain’s BNB, Cardano’s ADA and DOGE slumped as much as 4%.
Bullish bets on futures tracking crypto majors recorded over $600 million in liquidations.
A New York Fed research indicated President Donald Trump’s latest tariffs on imports from China impact the American economy higher than expected.

CoinDesk Analysis Team CoinDesk

Ether (ETH) continued its multi-day slide on Thursday with a 7% drop in the past 24 hours as the prolonged crypto sell-off showed no signs of a pause.

Bitcoin (BTC) was trading between $89,000 to $82,500 in U.S. trading hours on Wednesday, staging a slight recovery in early Asian hours to just over $86,000. The broader market tracked by CoinDesk 20 (CD20), a liquid index tracking the largest tokens, fell over 3%.

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CoinDesk Analysis Team

CoinDesk

CoinDesk is the media platform for the next generation of investors exploring how cryptocurrencies and digital assets are contributing to the evolution of the global financial system.

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