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Crypto Markets Suffer $369 Million Liquidation Wave Amid Rising Oil Prices and SEC Blockchain Overhaul

Guavy AI Editorial Team
Instruments
SOL XRP
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The cryptocurrency market began September under heavy pressure as worsening external macroeconomic factors triggered $369.67 million in derivatives liquidations, hitting the largest altcoins.

XRP led a $369 million crypto liquidation wave on Wednesday alongside Ether and Solana amid a scheduled escrow unlock and broader market pressure.

Rising oil prices and Treasury yields pushed Fed rate-hike odds for September 16 to 66%, the main trigger behind the sell-off.

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