$700 Million in Liquidations as BTC, ETH, XRP Plunge Ahead of FOMC
Jul 28, 2026
< 1 min read
by Jordan Lyanchev
for CryptoPotato

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AI Overview
Bitcoin’s Monday rally to $65,600 reversed as BTC erased gains and fell to a ten-day low, dragging most altcoins down. The sell-off triggered roughly $700 million in daily crypto liquidations, underscoring heightened market risk and short-term bearish pressure.
Bearish
Bitcoin’s Monday rally that drove it to $65,600 on a couple of occasions has come to a screeching halt, as the asset has not only erased all gains but plummeted even more to a ten-day low.
Most altcoins have followed suit, which has skyrocketed the daily liquidations to approximately $700 million.
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