The post Why is Crypto Crashing Today? XRP Drops Below $3, Bitcoin and Ethereum Near Danger Levels appeared first on Coinpedia Fintech News The global crypto market has seen a slight pullback in the past 24 hours, with the total market cap dropping to $3.82 trillion, down about 1.03%. Bitcoin, the world’s largest cryptocurrency, is trading around $113,602, down 1.15% in the last 24 hours. Ethereum also faced selling pressure, slipping 1.43% to trade at $4,156. Still, ETH remains up over 10% in the last week.. This dip comes as traders cut risk exposure ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium on August 23. On-chain data revealed that nearly 12,000 BTC were transferred to exchanges, suggesting profit-taking near recent all-time highs. Large inflows of Bitcoin to exchanges are often viewed as a signal that whales may be preparing to sell. The biggest question in the crypto market right now is whether the rally for Bitcoin and altcoins has already peaked Altcoins Under Pressure Altcoins mirrored the broader market decline. XRP dropped 3.28% to $2.89, marking one of the sharper declines among top tokens. Solana (SOL) also slipped 1.45% to $180.81, while Dogecoin (DOGE) was down 1.81%, trading at $0.21. Cardano (ADA) was hit harder than most, sliding nearly 6% to $0.84, one of the steepest daily losses in the top 10. Other altcoins such as Stellar (XLM) and Sui (SUI) also lost over 1.5% each in the same period. Technical Rejection at $116.8K Analyst Michaël van de Poppe said that Bitcoin failed to break above the $116.8K resistance level. He wrote, “It is quite clear we have a strong market, but BTC did reject its first test. It could not break through $116.8K, which signals that we are in for new lows in the short term.” Buying the Dip? Despite the correction, van de Poppe stressed that this pullback offers opportunities for accumulation. He said that Ethereum’s sharp decline is entering favorable zones for long-term investors. Altcoins such as Chainlink (LINK), once considered undervalued at $6, could present another opportunity for accumulation.The post Why is Crypto Crashing Today? XRP Drops Below $3, Bitcoin and Ethereum Near Danger Levels appeared first on Coinpedia Fintech News The global crypto market has seen a slight pullback in the past 24 hours, with the total market cap dropping to $3.82 trillion, down about 1.03%. Bitcoin, the world’s largest cryptocurrency, is trading around $113,602, down 1.15% in the last 24 hours. Ethereum also faced selling pressure, slipping 1.43% to trade at $4,156. Still, ETH remains up over 10% in the last week.. This dip comes as traders cut risk exposure ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium on August 23. On-chain data revealed that nearly 12,000 BTC were transferred to exchanges, suggesting profit-taking near recent all-time highs. Large inflows of Bitcoin to exchanges are often viewed as a signal that whales may be preparing to sell. The biggest question in the crypto market right now is whether the rally for Bitcoin and altcoins has already peaked Altcoins Under Pressure Altcoins mirrored the broader market decline. XRP dropped 3.28% to $2.89, marking one of the sharper declines among top tokens. Solana (SOL) also slipped 1.45% to $180.81, while Dogecoin (DOGE) was down 1.81%, trading at $0.21. Cardano (ADA) was hit harder than most, sliding nearly 6% to $0.84, one of the steepest daily losses in the top 10. Other altcoins such as Stellar (XLM) and Sui (SUI) also lost over 1.5% each in the same period. Technical Rejection at $116.8K Analyst Michaël van de Poppe said that Bitcoin failed to break above the $116.8K resistance level. He wrote, “It is quite clear we have a strong market, but BTC did reject its first test. It could not break through $116.8K, which signals that we are in for new lows in the short term.” Buying the Dip? Despite the correction, van de Poppe stressed that this pullback offers opportunities for accumulation. He said that Ethereum’s sharp decline is entering favorable zones for long-term investors. Altcoins such as Chainlink (LINK), once considered undervalued at $6, could present another opportunity for accumulation.
Why is Crypto Crashing Today? XRP Drops Below $3, Bitcoin and Ethereum Near Danger Levels
The post Why is Crypto Crashing Today? XRP Drops Below $3, Bitcoin and Ethereum Near Danger Levels appeared first on Coinpedia Fintech News
The global crypto market has seen a slight pullback in the past 24 hours, with the total market cap dropping to $3.82 trillion, down about 1.03%. Bitcoin, the world’s largest cryptocurrency, is trading around $113,602, down 1.15% in the last 24 hours. Ethereum also faced selling pressure, slipping 1.43% to trade at $4,156. Still, ETH remains up over 10% in the last week..
This dip comes as traders cut risk exposure ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium on August 23. On-chain data revealed that nearly 12,000 BTC were transferred to exchanges, suggesting profit-taking near recent all-time highs. Large inflows of Bitcoin to exchanges are often viewed as a signal that whales may be preparing to sell.
The biggest question in the crypto market right now is whether the rally for Bitcoin and altcoins has already peaked
Altcoins Under Pressure
Altcoins mirrored the broader market decline. XRP dropped 3.28% to $2.89, marking one of the sharper declines among top tokens. Solana (SOL) also slipped 1.45% to $180.81, while Dogecoin (DOGE) was down 1.81%, trading at $0.21.
Cardano (ADA) was hit harder than most, sliding nearly 6% to $0.84, one of the steepest daily losses in the top 10. Other altcoins such as Stellar (XLM) and Sui (SUI) also lost over 1.5% each in the same period.
Technical Rejection at $116.8K
Analyst Michaël van de Poppe said that Bitcoin failed to break above the $116.8K resistance level. He wrote, “It is quite clear we have a strong market, but BTC did reject its first test. It could not break through $116.8K, which signals that we are in for new lows in the short term.”
Buying the Dip?
Despite the correction, van de Poppe stressed that this pullback offers opportunities for accumulation. He said that Ethereum’s sharp decline is entering favorable zones for long-term investors. Altcoins such as Chainlink (LINK), once considered undervalued at $6, could present another opportunity for accumulation.
Market Opportunity
NEAR Price(NEAR)
$1,836
$1,836$1,836
USD
NEAR (NEAR) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Wormhole launches reserve tying protocol revenue to token
The post Wormhole launches reserve tying protocol revenue to token appeared on BitcoinEthereumNews.com. Wormhole is changing how its W token works by creating a new reserve designed to hold value for the long term. Announced on Wednesday, the Wormhole Reserve will collect onchain and offchain revenues and other value generated across the protocol and its applications (including Portal) and accumulate them into W, locking the tokens within the reserve. The reserve is part of a broader update called W 2.0. Other changes include a 4% targeted base yield for tokenholders who stake and take part in governance. While staking rewards will vary, Wormhole said active users of ecosystem apps can earn boosted yields through features like Portal Earn. The team stressed that no new tokens are being minted; rewards come from existing supply and protocol revenues, keeping the cap fixed at 10 billion. Wormhole is also overhauling its token release schedule. Instead of releasing large amounts of W at once under the old “cliff” model, the network will shift to steady, bi-weekly unlocks starting October 3, 2025. The aim is to avoid sharp periods of selling pressure and create a more predictable environment for investors. Lockups for some groups, including validators and investors, will extend an additional six months, until October 2028. Core contributor tokens remain under longer contractual time locks. Wormhole launched in 2020 as a cross-chain bridge and now connects more than 40 blockchains. The W token powers governance and staking, with a capped supply of 10 billion. By redirecting fees and revenues into the new reserve, Wormhole is betting that its token can maintain value as demand for moving assets and data between chains grows. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/wormhole-launches-reserve
Share
BitcoinEthereumNews2025/09/18 01:55
The man accused of stealing $11 million in XRP has filed a countersuit against the widow of American country music singer George Jones.
PANews reported on January 14th that Kirk West, the man suspected of stealing over $11 million worth of XRP from Nancy Jones, the widow of the late American country
Share
PANews2026/01/14 10:51
Crucial Fed Rate Cut: October Probability Surges to 94%
BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 02:25