News View Non-AMP

Why is the Crypto Market Going Down Today?

Published by
Anjali Belgaumkar and Qadir AK

The crypto market has taken a dip today, with the global market cap falling by 1.76% to $3.88 trillion. While Bitcoin is staying close to its recent highs, many altcoins are under heavy selling pressure. Here’s a breakdown of what’s causing the sudden crash.

Altcoins are taking the biggest hit. Ethereum (ETH) is trading at $3,779.85, slipping 2.53% in the last day. XRP has dropped 4% in a day, even though it remains up over 10% for the week, currently priced at $3.12. Solana (SOL) and BNB are both down over 2.4% daily. Cardano (ADA), priced at $0.7878, is down 6.17% in 24 hours and has lost 10.81% over the week.

Dogecoin (DOGE) has also taken a sharp hit, down 7.64% today. Similarly, Sui (SUI) has tumbled 8.30% today. Overall, the market’s red zone performance shows investor reaction, profit-taking after recent rallies, and pressure from ongoing regulatory uncertainties. 

Reasons Behind The Recent Crash

One of the reasons for the pullback may be the U.S. SEC’s decision to pause approval of new spot ETFs for altcoins. While Bitcoin and Ethereum ETFs have been given the green light, altcoin ETFs are still in limbo.

Experts and traders had expected the altcoin ETF approval to come soon, hoping it would bring in fresh money and drive prices up. But now, with no clear timeline, investors are stepping back and choosing to wait, creating panic selling in altcoin markets.

Additionally, many altcoins have doubled or even tripled in value over the past few months. Now that Bitcoin is consolidating near its $120,000 resistance level, traders are moving their profits from altcoins back into Bitcoin, which is seen as a “safer” asset. This rotation of money is pushing altcoin prices down even further.

FAQs

Will the crypto market recover soon?

Recovery depends on several factors, including the Federal Reserve’s next move, regulatory clarity, and whether Bitcoin can stay above its key support level. A breakout above $120,000 could renew bullish momentum.

Which cryptocurrencies are falling the most?

ADA (-6%), DOGE (-7.6%), SUI (-8.3%) lead losses, while ETH (-2.5%) and SOL (-2.4%) also decline sharply.

Is Bitcoin crashing too?

No—BTC remains stable near highs while altcoins bleed, as traders rotate profits into “safer” Bitcoin.

Will altcoins recover after this dip?

Possible if ETF hopes return or Bitcoin rallies, but short-term pressure remains due to profit-taking.

Anjali Belgaumkar and Qadir AK

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.

Trust with CoinPedia:

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.

Investment Disclaimer:

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 and Advertisements:

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.

Recent Posts

Bitcoin Dominance Reset Clears Weak Projects and Primes Quality Altcoins

Bitcoin dominance has been the quiet story behind recent price action. After a low formed…

October 22, 2025

Bealls Partners With Flexa: Now Accepts Bitcoin, ETH & USDT in 660+ Stores Across the U.S.

Bealls Inc., a 110-year-old American retail brand, has officially partnered with digital payments platform Flexa…

October 22, 2025

Crypto Regulations in the United Kingdom 2025

The United Kingdom is moving toward stronger cryptocurrency regulations. The government is working on new…

October 22, 2025

This Altcoin Is Said to Be to 2025 What Ripple (XRP) Was to 2017

XRP stunned the crypto market in 2017, starting the year at just a few cents…

October 22, 2025

Fundamentals Suggest EcoYield Could Be The Next 100x Crypto Presale

EcoYield ($EYE) is the most recent crypto presale to make waves in the crypto market…

October 22, 2025

XRP News: AI Model from China Predicts $10 Price by 2025 End

The landscape for digital assets in the United States may be changing faster than ever.…

October 22, 2025