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Bitcoin, XRP plummet ahead of Trump's WEF address at Davos
U.S. President Donald Trump has arrived in Davos, Switzerland, to address world leaders at the World Economic Forum (WEF). However, ahead of his scheduled address at 14:30 CET (8:30 AM ET) on Jan. 21, crypto markets are reacting violently.
Bitcoin (BTC) and XRP (XRP) led a sharp decline across the cryptocurrency market on Jan. 21 as investors braced for volatility. As per CoinGecko, king crypto dropped more than 2.9% overnight to trade at $88,484.72, while XRP tumbled 2.2% to change hands at $1.89. Ethereum was down 6.1% and trading at $2,917, while Solana dropped by 1.6% to trade at $127.06, at press time.
According to CoinGlass, 177,027 traders were liquidated in the...