XRP and Solana have seen significant declines, plunging 14% as the crypto market faces a brutal selling wave, resulting in over $800 million liquidated over the past week. The downturn has affected various digital assets, including Bitcoin and Ethereum, which also recorded substantial losses. Traders are scrambling to assess the market's volatility as fear grows regarding regulatory scrutiny and macroeconomic factors. The sharp drop in prices has led to increased liquidation events, particularly among leveraged positions. Analysts are watching closely to see if this trend will continue or if a rebound is on the horizon as market conditions fluctuate.

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