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The cryptocurrency market faced a brutal sell-off on October 21, with over $110 billion in market value wiped out in a matter of hours. The total market cap plunged from around $3.75 trillion to $3.64 trillion, as panic selling swept across both Bitcoin (BTC) and major altcoins. Crypto market cap price chart. Source: CoinMarketCap Bitcoin slid 3.07% in 24 hours to trade at $107,580, underperforming the broader crypto market’s decline of 2.96%. Despite holding the key $107,000 support level, the benchmark crypto has now logged a 30-day drop of 6.74%. Bitcoin 1-day price chart. Source: Finbold Altcoins were hit even harder. Ethereum (ETH) tumbled 4.67% to $3,860, BNB (BNB) shed 5.13% to $1,067, while Solana (SOL) slumped nearly 5% to $184. XRP fell 2.71% to $2.40, extending losses after recent ETF speculation cooled. Why is the crypto market crashing? The sell-off comes against the backdrop of the ongoing U.S. government shutdown, now in its third week, which...

Litecoin (LTC) is currently one of the best-performing cryptocurrencies in the daily charts. According to CoinGecko data, LTC is trading in the green zone across the board, unlike many major crypto assets. The coin has rallied 10.4% in the daily charts, 10.8% in the weekly charts, 26.7% in the 14-day charts, and 15.8% over the previous month. LTC’s price has also risen by more than 100% since October 2024. This means that your money would have more than doubled in the last year. Let’s discuss why Litecoin’s (LTC) price is experiencing such a big rally right now. Source: CoinGecko What’s Behind Litecoin’s Big Price Rally? Source: tokenmetrics Litecoin’s latest upswing is likely due to high expectations for an ETF approval. Canary recently filed final amendments for its Litecoin spot ETF. The move could signal the coming of an ETF approval. Many experts anticipate an LTC ETF to be approved soon. However, some say that the government shutdown may have de...

XRP is currently suffering a sharp correction in the final stretch of September, losing $18.94 billion in market value over the past seven days. The token dropped from a weekly high of $3.13, with a market cap of $187.24 billion, to $2.81 and $168.30 billion, marking a decisive break below the $3 psychological threshold losing 10.22% in value, as per data retrieved by Finbold from CoinMarketCap . XRP 1-week market cap. Source: CoinMarketCap The pullback coincided with a broader market sell-off that saw more than $1.5 billion in crypto positions liquidated between September 24 and 25, the largest single-day altcoin liquidation event in over a year. Much of the pressure came after Ethereum broke below the $4,000 threshold, triggering cascading liquidations across majors, with XRP caught in the crossfire. In the last 24 hours, XRP’s trading volume spiked 36.7% to $7.19 billion, though the activity was dominated by selling pressure. Notably, 58% of liquidations...

The cryptocurrency market is set to undergo several unlocks this week that could put significant selling pressure on affected assets. Notably, token unlocks are scheduled events in crypto projects where previously locked tokens for teams, investors, or rewards become tradable.  While intended to stagger supply and prevent shocks, they often weigh on prices in the short term, especially when large sums are released. For this week, two assets under the unlock schedules are worth watching. Solana (SOL) According to Tokenomics data, Solana (SOL) is set to unlock 502,930 SOL tokens, valued at approximately $121.22 million. While the release represents just 0.09% of Solana’s circulating supply, the dollar value is substantial. If such a large amount floods the market, it will boost liquidity but also increase the risk of downward pressure as recipients sell. Price action will also depend on broader market trends, which have heavily influenced Solana’s trajec...

XRP’s push to reclaim the $3 resistance could stall as the asset faces renewed selling pressure from whales. Data indicates a massive transaction of 35,122,576 XRP, worth $99 million, was transferred from an unknown wallet to Coinbase, according to insights retrieved from Whale Alert on September 3.    XRP transfer to Coinbase transaction. Source: Whale Alert Historically, such transfers have sparked fears that whales may be preparing to offload holdings, potentially triggering fresh selling pressure and accelerating a price decline. Currently, XRP is holding around the $2.80 level, where technical indicators suggest a fragile balance.  To this end, according to cryptocurrency analyst Ali Martinez, the token is now supported by a crucial level at $2.74. Martinez noted that XRP has formed a descending triangle pattern, with repeated rejections along a downward trendline and progressively lower highs signaling persistent bearish sentiment. ...

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Asian currencies rallied against the US dollar in Q2 of 2025 as the markets reacted sharply against the trade wars. The DXY index, which measures the performance of the USD fell to a three-year low of 96.20. The Indian rupee, Chinese yuan, and Japanese yen all soared above the greenback in the forex markets. Traders who bet against the USD made good returns as leading local currencies took the top spot in the FX sector. Source: MarketWatch Now that Trump announced a new set of tariffs, which are 25% on Japan and South Korea, the DXY index quickly rebounded in value. It touched 97.57 and remains on the greener side of the spectrum since Monday’s trading session. The development indicates that Asian currencies will remain under pressure as they will have to deal with the price hikes. Also Read: Russia Labels Dollar Risky as De-dollarization Gains Speed US Dollar To Rebound in Value, Pressure Now on Asian Currencies Source: Getty Images The glorious run of Asian currencies in the for...

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The year 2024 gave Bitcoin a new price status, propelling it to thrive and reach new highs as the token progressed ahead to sit at $107K. However, market volatility and changing geopolitical narratives continue to batter Bitcoin, which has caused its price momentum to slow down significantly. In this wake, a new price revelation is haunting users, predicting Bitcoin’s drop to $20K. Also Read: Shiba Inu Price Prediction For The End Of 2024: Is SHIB Surging Soon? Will Bitcoin Drop To $20K? Source: Coingeek Bitcoin has slowed down significantly, showing signs of price lethargy. The token is currently sitting at $96K, down from its earlier price ATH of $108K. BTC has noted a downfall of 8% in the last week. The token’s plummeting pace is worrying investors, adding more to their woes. While some have maintained a bullish price stance on Bitcoin, a new pattern indicates that Bitcoin could drop as low as $20K. Per a recent post uploaded by the Kobeissi Letter, Bitcoin prices have long fo...

Bitcoin dropped to $63,000 after the Federal Reserve hinted at future interest rate cuts. This sudden BTC price drop has alarmed investors and shaken the cryptocurrency market. Let’s dive right in and see what this is all about. Also Read: Powell’s Rate Cut Hints: Crypto Market Set for a Boost? Understanding the Impact of Fed Rate Cuts on Bitcoin and the Cryptocurrency Market Source: Pexels Federal Reserve Chair Jerome Powell’s recent statements have significantly affected Bitcoin’s price. His comments about less aggressive future rate cuts led to a crypto market sell-off. Fed’s Cautious Approach to Rate Cuts Powell stressed that the Federal Open Market Committee (FOMC) isn’t rushing to cut rates. He said: “This is not a committee that feels like it’s in a hurry to cut rates quickly.” Powell also added: “Looking forward, if the economy evolves broadly as expected, policy will move over time toward a more neutral stance. But we are not on a...