Advertise
Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Mar 28, 2025 08:19 UTC
-
Why Bitcoin , Ethereum and XRP Price Crashing Today?
Crypto market sees bearish sentiment, with Bitcoin, Ethereum, and XRP dropping over 5% as futures open interest declines.
U.S. tariff uncertainty and low demand from short-term investors trigger a $336M crypto selloff, while long-term investors accumulate.
Ahead of the monthly close in the coming days, the crypto market, led by Bitcoin (BTC), has experienced rising bearish sentiment. The total crypto market cap dropped around 4.2 percent in the past 24 hours to hover about $2.89 trillion on Friday, during the early trading session for the Western financial markets.
In the past 24 hours, Ethereum (ETH) and Ripple Labs’ XRP prices dropped over 5 percent to trade at about $1,909 and $2.24 respectively at the time of this writing. As a result of the sudden crypto selloff today, more than $336 million was liquidated from the leveraged crypto market, mostly involving long traders.
Major Forces Behind Crypto Dump Today
Declining Futures Open Interest
In the past 24 hours, the total Open Interest (OI) for the crypto market dropped by around 2.57 percent to hover around $109 billion at the time of this writing. Ripple’s XRP experienced a decline of about 3.21 percent in its OI to hover around $3.92 billion on Friday.
The Ethereum market recorded a decline of 3.58 percent in its OI during the past 24 hours to hover about $22.37 billion. Meanwhile, Bitcoin’s OI declined by around 1 percent in the past 24 hours to hover about $56.84 billion at the time of this writing.
Uncertainty Caused By U.S. Led Tariff Wars
Ahead of the U.S. tariff implementation on April 2, the crypto market has experienced bearish sentiment. In addition to Friday’s high-impact news on inflation regarding the Core Personal Consumption Expenditures for monthly and yearly, the demand fear of further crypto capitulation is palpable.
Low Demand from Short-Term Holders Compared to Long-Term Investors
According to market data analysis from Glassnode, short-term crypto investors have been offloading their holdings while long-term investors gradually accumulate. The overall demand for stablecoins has gradually increased as investors protect their capital from devaluation amid ongoing bearish sentiment.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
The crypto selloff resulted from declining futures open interest, concerns over U.S. tariffs, and inflation reports, causing over $336M in liquidations.
The $336M crypto liquidation resulted from a sudden selloff, largely impacting long traders as Bitcoin, Ethereum, and XRP prices dropped.
Yes 
No 
