The cryptocurrency market is going through a red phase as Bitcoin (BTC) has dropped below the 95,000 USD mark, the lowest in the last 6 months. The reasons include the expectation that the Federal Reserve will cut interest rates in December has decreased significantly due to delayed economic data and investor sentiment shifting towards "low risk".

In addition, Bitcoin ETF funds in the US have recorded very large withdrawals—hundreds of millions of USD in a single day, indicating that the inflow of money into crypto is weakening. $BTC $SOL $XRP The fact that "whales" – wallets holding large amounts of BTC – have started to sell off is raising concerns further.

Regarding altcoins, Ethereum also recorded a drop of over 3% in today's session, reflecting the overall state of the market.

XRP

2.0307

+0.99%