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XRP Plunges 12% as Crypto Market Loses $1 Trillion

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The cryptocurrency market has recorded its worst day in months

The Ripple-affiliated XRP cryptocurrency is down as much as 12% after slipping to an intraday low of $2.07. Michael Saylor Likens Satoshi Nakamoto to Prometheus, Here’s WhyThe cryptocurrency market is now on track to have its worst day in four months, with as much as $1 trillion of value being wiped out.

Overall, nearly 600,000 trades got liquidated, with one trader losing as much as $19.69 million with a single ETH/USDT order on the Binance exchange earlier today. Notably, Ethereum is above Bitcoin when it comes to the total amount of longs liquidated over the past 24 hours .

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