Ethereum and altcoins slide following US jobless claims decline
CIE News ·
Confirmed by 2 independent news outlets.
Ethereum dropped to the $2,410–$2,442 range after US initial jobless claims fell to 194,000, triggering more than $220 million in 12-hour market liquidations.
Ethereum (ETH) and other altcoins declined on October 22, 2026, after US initial jobless claims dropped by 6,000 to 194,000, according to crypto.news. The unexpected labor data renewed interest rate concerns and pushed ETH to trade between $2,410 and $2,442 following its failure to stay above $2,500. Market-wide liquidations reached more than $220 million over a 12-hour period, with XRP falling roughly 2% to $1.33 and recording more than $3 million in liquidated leveraged positions.
Key facts
- Jobless claims fell to 194,000
- ETH fell to $2,410–$2,442
- $220M liquidations in 12 hours
- XRP dropped ~2% to $1.33
Read the original at crypto.news