Crypto
XDC Dropped by 6.21% Amidst Broader Crypto Correction
The price of XDC Network (XDC) dropped by 6.21% in the last 25 hours, but this is not due to any specific issue with the coin itself.
Instead, the drop is part of a broader crypto-wide correction and leverage flush that affected most major cryptocurrencies.
A total market cap decline of 2.81% and increased trading volume are consistent with a broad risk-off move, according to data from CoinMarketCap.
The market-wide liquidation wave is attributed to the failure of Bitcoin (BTC) to hold near $87,000 and its subsequent slide below $84,000, which led to cascading long liquidations across several major cryptocurrencies.