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Morning Crypto Report: One of Biggest XRP Sellers Revealed, -80% for Cardano (ADA): Founder Admits $3 Billion Loss, Binance Delists 20 Pairs After $2.6 Billion Liquidation Tsunami: Bitcoin Affected Too

🤖 GG AI Summary

The crypto market is experiencing a severe downturn, highlighted by $2.6 billion in liquidations and significant losses for key players like Cardano's founder, who admits to a $3 billion loss. Binance's decision to delist 20 trading pairs further exacerbates the situation, contributing to a brutal crypto winter as Bitcoin sees a steep decline of 48%. This environment raises concerns about the overall stability and future of the crypto market.

Sentiment: 15% Bearish

February 6, Friday: "Blood in the streets" of the crypto market sees $2.6 billion liquidated as Binance cuts pairs and Grayscale dumps XRP. With BTC down 48% to $60,000s and Hoskinson down billions, a brutal crypto winter is confirmed.

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