Christmas Sale? Crypto Crash Sinks Bitcoin, XRP and Dogecoin

Crypto prices are plunging again Thursday, with Bitcoin and other major coins shedding a chunk of their recent gains as the market continues a correction that took hold on Wednesday following yet another Bitcoin all-time high price mark.

Bitcoin plunged to a current price of $97,020, just two days after rising to that new peak above $108,000. The leading cryptocurrency is now down 7% on the day—but other high-cap coins are seeing bigger losses on the day.

Ethereum has plummeted by nearly 12% on the day at a current price of $3,422, while the Ripple-linked XRP has nearly matched its fall with an 11% dip, trading for $2.22.

Meanwhile, the leading meme coin Dogecoin has collapsed by nearly 20% on the day at a current price around $0.31. And Solana has fallen below the $200 mark, tanking by 12% to a current price of $191.

It's bloodshed up and down the crypto charts, with the broader market down by 9% per data from CoinGecko. Some $1.17 billion worth of long and short positions have been liquidated over the last day as a result, per data from CoinGlass, as Bitcoin leads the charge with $241 million in liquidations.