Crypto Faces $1.7B Liquidation as Bitcoin Tumbles

- The crypto market liquidated over $1.7 billion in 24 hours. - Bitcoin drives a mass sell-off, causing market volatility to spike. On September 22, 2025, Bitcoin’s price slump triggered a massive market event. According to The Block, the crypto market liquidated $1.7 billion in positions within a single day. The volatility intensified as traders liquidated $1 billion of that total in just one hour, forcing the swift and large-scale closure of many leveraged positions. This market turmoil coincided with several major industry developments. Midas and Axelar unveiled mXRP, a yield-bearing tokenized XRP product that offers 6-8% returns. This launch gives XRP holders a new investment vehicle to generate returns in an uncertain market. Meanwhile, several companies announced significant mergers and acquisitions. Strive confirmed a merger with Semler Scientific, and they will combine their bitcoin treasuries into a $1.2 billion fund. In addition, Japanese investment giant Metaplanet disclosed that it purchased 5,419 BTC for $632.5 million, a strategic move amidst the volatility. According to CoinMarketCap, XRP (XRP) was trading at $2.861 as of 18:08 UTC on September 22. This price marks a 3.947% decline over the past 24 hours, while during the same period, its 24-hour trading volume increased by 210.569%.