Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced significant price drops, leading to over $900 million in liquidations within 24 hours. Bitcoin fell below $110,000 for the first time since early July, impacted by a large sell-off from a whale. Ethereum also saw a steep decline of 8%, hitting $4,375 after recently setting a record high. Dogecoin's price dropped more than 10%, while Solana and XRP also faced falls of 8.5% and nearly 6%, respectively. The wave of liquidations predominantly affected long positions, with Bitcoin accounting for about $210 million and Ethereum for $320 million of the total. The cryptocurrency market is sensitive to macroeconomic conditions, particularly concerning interest rate projections, with the Federal Reserve's future policy changes expected to influence market performance. As traders navigate the volatile landscape, upcoming U.S. economic data may provide further insight into market movements and investor confidence.

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