#xrp即将进入爆发期
XRP, Bitcoin, Ethereum Plummet! The Cryptocurrency Market is Thrilling Over the Last 24 Hours!
The US stock market plunged, evaporating over $1.5 trillion in a day, and the cryptocurrency market suffered as well. Behind this turmoil, there are many reasons: the Federal Reserve's interest rate cuts, global tensions, such as Israel's airstrikes on Iranian-supported groups in Yemen, are all triggers.
The cryptocurrency market has been severely “bloodied”, a thrilling 24 hours
On this day, the cryptocurrency market faced massive sell-offs, with $588 million in positions wiped out in an instant. XRP was hit the hardest; after finally rising to $2.82, $69 million was liquidated in a flash, and the price dropped directly to $2.56. Bitcoin also couldn't escape, dropping below $96,000, resulting in a loss of $60 million. Ethereum also suffered heavy losses, with nearly $58 million disappearing.
Has Bitcoin fallen into the “trap of hope”? Here are some things you need to know
Why did it drop so fiercely?
After the Federal Reserve cut interest rates, traders felt uneasy. The rate cut itself isn’t the issue, but fewer rate cuts than everyone expected in 2025 made both cryptocurrency and stock traders panic. This uncertainty, combined with the market shifting from “frenzy” to “panic,” led to the sell-off.
Altcoins are particularly hard-hit, with Avalanche, Chainlink, Litecoin, and Pepe all dropping around 16% in 24 hours. XRP fell by 6.74%, and is now priced at $2.35. Solana dropped 9.79% this week, now at $208.49.
Winners in chaotic times
However, not all cryptocurrencies are unlucky. ENA rose by 11.66% due to new features, now priced at $1.18. MOVE surged by 11.48% with active participation, now priced at $0.7171.
After the Federal Reserve's interest rate cut, Bitcoin and cryptocurrencies were dealt a heavy blow, with Bitcoin down 5.85%. Want to know how the market will move next?
For the upcoming layout direction, I will guide everyone to target the high-profit opportunities in altcoins, especially those with great potential, with expected returns of over ten times being no problem. If you want to make big money in a bull market, like and comment, and I will take you through the entire bull market!
