The post Why Are Bitcoin, Ethereum and XRP Crashing Today? appeared first on Coinpedia Fintech News
Bitcoin, Ethereum and XRP all fell today, pulling the wider crypto market down with them. Bitcoin slid back toward $90,000 after recently coming close to $100,000. Ethereum moved toward $3,090, and XRP dropped to about $2.06.
BNB slipped to around $888, while Solana dropped to about $135 after several days of weakness. TRON traded near $0.28, and Dogecoin fell to roughly $0.14, losing more ground through the week. Cardano edged down to $0.43, and Bitcoin Cash dipped to about $574.
The sudden pullback surprised the market after watching strong price gains over the past few weeks.
Rate Cut Hopes Fade After New Warning
Investor Kevin O’Leary, who said he does not believe the U.S. Federal Reserve will cut interest rates next month. He explained that inflation is still high, new tariffs are raising costs, and the Fed is worried about both rising prices and the job market.
When interest rates stay high, investors usually avoid risky assets like crypto. O’Leary’s comments added fresh doubts.
A Large Institutional Move Worried Investors
Another shock came from a big transfer linked to MicroStrategy. A related company moved the equivalent of 1.47 million Bitcoin-related shares, worth about $273 million, into custody at Fidelity. This kind of move has happened before major selloffs in the past, including a large Bitcoin drop last November. Because of that history, experts feared this could be a sign that institutions may be getting ready to take profits again.
Global headlines also added pressure, including a new warning from China’s central bank about virtual currencies.
However, Strike CEO Jack Mallers says investors should not panic, arguing that every dip is still a buying opportunity. According to him, quantitative tightening is effectively over and the U.S. is likely to introduce rate cuts and new stimulus, which would prevent major asset crashes and flood the market with fresh liquidity
