Bitcoin Plunges to Multi-Year Lows on Hot Inflation Data as XRP Ledger Flips Ethereum in Stablecoin Race

A hot inflation print sent Bitcoin tumbling to multi-year lows, triggering nearly $1 billion in liquidations across the crypto market. But beneath the selloff, the XRP Ledger flipped Ethereum in RLUSD stablecoin supply and Kraken moved toward a major Aave stake. Here's the full breakdown.