📉 Why Bitcoin, Ethereum, and $XRP Are Selling Off All at Once
Crypto woke up to a sharp drop today. The total market cap slid nearly 3% to $3.13T, and $BTC , Ethereum, and XRP all moved lower within minutes. It looked sudden - but the reasons are bigger than one chart.
Bitcoin led the move. Price slipped to around $92.5K, down more than 2.5% in 24 hours. The weakness started as U.S. futures opened red, pushing traders to cut risk fast. Failing to close the week above $94K only added pressure from short-term sellers.
Once Bitcoin cracked support, the rest followed.
ETH dropped over 3% toward $3,200, while $XRP slid more than 4% to around $1.97. This wasn’t about individual projects - it was a classic market-wide reaction once BTC lost its footing.
What triggered the rush?
➡ Rising fears of a U.S.–EU trade conflict pushed investors into risk-off mode.
Money moved quickly into safe havens. Gold and silver hit fresh record highs, while crypto moved the opposite way - exactly the setup critics like Peter Schiff were quick to point out.
Leverage made it worse.
• Around $546M in long positions were liquidated
• Nearly $130B in total crypto value vanished in about 90 minutes
• Forced selling turned a dip into a sharp cascade
So where does that leave the market?
Indicators now show crypto nearing oversold levels, with the Fear & Greed Index at 45 (Neutral). A short-term bounce is possible, but volatility likely stays high until macro tensions cool and Bitcoin reclaims the $93K–$94K zone.
