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Crypto market sees $369M liquidations as XRP, Ether, and Solana drop amid inflation fears and Fed rate hike bets

Market News
02 Sep 2026
Tokenpost
View Source
Bearish
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The cryptocurrency market experienced a $369.67 million liquidation wave, heavily impacting XRP, Ethereum, and Solana due to rising oil prices, higher U.S. Treasury yields, and expectations of a Federal Reserve rate hike. Over 90,000 leveraged traders were liquidated, with long positions making up the majority of losses. Bitcoin also fell by about 1.3% to 1.8%, while Ethereum and Solana dropped around 2% and 3.5%, respectively. Despite the sell-off, institutional interest remained, with inflows into Ethereum, Solana, and XRP investment products. Market pressure is driven by macroeconomic concerns including inflation and Fed policy, while regulatory discussions continue in the U.S.

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