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.
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.
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
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Gemini, the third-largest U.S. crypto exchange, has announced the launch of trading and custody support…
Lithuania is known as a leading, crypto-friendly EU hub, is sending a clear message to…
A recent hack on Trust Wallet exposed nearly $7 million in crypto from users. The…
Bitcoin usually sees strong gains in the year after a halving. This cycle, however, has…
The two world's biggest economies, Russia and the United States, are discussing the future of…
Mike Novogratz isn’t convinced that institutional money is what keeps XRP relevant. Instead, the Galaxy…
