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Why Are Bitcoin, Ethereum and XRP Prices Falling Today?
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Bitcoin dropped below $80,000 on Monday and was trading at $79,863.55, down 1.6% over 24 hours and 3.8% over the past week, according to CoinGecko. Ether fell 2.7% to $2,310.09, XRP lost 2.6% to $1.28 and Solana slipped 2.2% to $100.59. Traders are cutting risk ahead of a heavy week that includes the Federal Reserve’s policy meeting, US PCE inflation data and earnings from about 20% of S&P 500 companies. Price action in recent sessions has repeatedly targeted leveraged retail positions, and the next large cluster of liquidations sits near $78,800. A sharp move toward $76,000 would signal a genuine downtrend. Continued choppy trading would point to another short-lived range that traps buyers on brief rallies.
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