Macroeconomic Jitters Spark Leverage Liquidations, Sending DOGE, SOL and XRP Down

Altcoin Slide Deepens as Traders Eye Fed Decision and Economic Data

Altcoins extended their sharp declines into a second week on Tuesday, as rising macroeconomic uncertainty and risk-off sentiment prompted further sell pressure across the crypto market. Meanwhile, bitcoin and ether continued to show relative resilience.

Solana (SOL), XRP, and Cardano (ADA) each fell over 3% in the past 24 hours, while Dogecoin (DOGE), Avalanche (AVAX), and Sui (SUI) posted deeper losses, down more than 5%. Over the past seven days, XRP and SOL have slipped roughly 13%, while DOGE has plunged 18%.

Bitcoin hovered near $117,300, trading flat on the day, while ether showed limited movement, reflecting a continued preference for major tokens amid heightened volatility in the broader market.

The altcoin rout follows a surge in leveraged positioning earlier this month, now unwinding as traders brace for key macro catalysts. The Federal Reserve’s policy decision is due Wednesday, with markets expecting rates to remain unchanged. However, political pressure from President Donald Trump to cut rates has added a layer of unpredictability.

Attention is also turning to Friday’s U.S. nonfarm payrolls report and looming tariff deadlines, both of which could inject further volatility into risk assets.

U.S. equities erased early gains, with the Nasdaq and S&P 500 drifting into negative territory late Tuesday.