The post Why Bitcoin, ETH, and XRP Price Are Down Today appeared first on Coinpedia Fintech News

Recently, the cryptocurrency market has turned red once again today, as top assets like Bitcoin, Ethereum, and XRP have all faced steep declines. Particularly, Bitcoin led the drop with prices slipping under $112,000, while ETH/USD and XRP/USD followed suit with significant corrections of their own. 

Therefore, with liquidations mounting and strong bearish sentiment spreading, today’s market highlights why caution remains critical.

Bitcoin Extends Decline Below $112K

The chart reveals that the Bitcoin price today fell by 2

  • Also Read :
  •   Crypto Pullback: Bitcoin Slides Under $114K as Whale Triggers $310M Flash Crash
  •   ,

XRP Price Today Dips Below $3

Coming to the third most powerful crypto asset, XRP also mirrored the downturn, with the XRP price today down 2



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FAQs

Why is the crypto market down today?

Major assets like Bitcoin led a decline, triggering over $837M in liquidations. Significant whale sell-offs of 24K BTC created strong selling pressure.

What caused the massive liquidations?

Whales offloaded over $2.7B in BTC, sparking a market-wide sell-off. $672M of the $837M in liquidations were long positions.

When will the crypto market recover from this crash?

Recovery timing is uncertain. Analysts suggest holding key support levels (like $110K for BTC) is crucial for a rebound. Historically, such corrections are often followed by recovery.