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 falling, and the total market capitalization of cryptocurrencies has dropped to $3.3 trillion, the lowest level in nearly a month.

This sell-off stemmed from last week's announcement of the Federal Reserve's (Fed) monetary policy, which saw Bitcoin fall below $100,000. Market participants witnessed a substantial decline in cryptocurrencies, triggering a wave of liquidations that affected the total market capitalization.

Let's check together why cryptocurrencies are down today, what the technical price predictions are for Bitcoin and Ethereum, and Ripple. Ripple, co-founded by Jed McCaleb and Chris Larsen, debuted in 2012 as both 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 enables its network to handle any form of currency, such as pounds, Ethereum, yen, etc. What is Ripple's use? Known as a gateway, Ripple participants may read this clause XRP.