Bitcoin, Ethereum, and XRP are seeing declines as investors weigh macroeconomic pressures, particularly concerns around interest rates.
Higher interest rates generally reduce appetite for risk assets like cryptocurrencies, since investors can earn safer returns in bonds and other fixed-income products. Rising yields also strengthen the U.S. dollar, which tends to put downward pressure on crypto prices.
For Bitcoin and Ethereum, this means potential challenges in sustaining momentum as liquidity tightens. XRP, while also affected by broader market sentiment, faces additional uncertainty tied to regulatory factors.
Overall, if central banks keep rates elevated or hint at fewer cuts than expected, the crypto market may continue facing headwinds.
BTC
90,356.6
-2.30%
ETH
3,094.16
-4.84%
XRP
2.0299
-0.46%