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Crypto selloff wipes out $1.6B in long positions amid XRP's 14th anniversary

Market News
03 Jun 2026
UToday
View Source
Bearish
pluang ai news

A sharp crypto market selloff led to $1.8 billion in liquidations within 24 hours, with $1.6 billion coming from long positions. This marks the largest single-day crypto liquidation since early February, despite global stock markets hitting new highs. XRP's community marked the cryptocurrency's 14th anniversary during this turbulent period, highlighting its long-term resilience. The selloff underscores ongoing volatility in crypto markets, cautioning investors to stay vigilant.

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