The cryptocurrency market experienced a significant sell-off today, with Bitcoin (BTC) clearly dropping below $94,000. Like BTC, the prices of major altcoins are also decreasing, and the total market capitalization of cryptocurrencies has fallen to $3.3 trillion, the lowest level in nearly a month.

This sell-off is a result of last week's Federal Reserve (Fed) monetary policy announcement, which caused Bitcoin to drop below $100,000. Market participants witnessed the sharp decline in cryptocurrencies, triggering a large number of liquidations that affected the total market capitalization.

Let's check together why cryptocurrencies are down today, what the technical price forecasts for Bitcoin and Ethereum are, Ripple was co-founded by Jed McCaleb and Chris Larsen and debuted in 2012, serving both as a digital payment network and a pre-mined digital currency called XRP. Ripple's market capitalization is lower than that of Bitcoin and Ethereum, making it the third-largest cryptocurrency. Its dual open-source and peer-to-peer (P2P) decentralized platform can handle any form of currency, such as pounds, Ethereum, yen, etc. What is the use of Ripple? Known as a gateway, Ripple participants may read these terms XRP.