The post Why Bitcoin, Ethereum, and XRP Are Down Today? appeared first on Coinpedia Fintech News
The cryptocurrency market has experienced a strong bearish pullback today dropping 6.73%. Reportedly, the market has experienced liquidations of over $28 billion, making this the highest fall since the U.S. election in 2024. Following this, the Bitcoin price has plunged below the $100k mark, indicating a bearish outlook.
Following in the footsteps, the top 20 cryptocurrencies have all dropped below their important support levels. Considering the present market sentiments, is this a crucial time to hold your investments in the crypto market? Read to find out!
BTC Price Fails To Hold Its Support of $100,000
The Bitcoin price today plunged 5.56% with a 24-hour trading volume of $47.79 billion, a change of +124.74%. With this, the largest cryptocurrency has dropped below the $100,000 mark for the first time since 17th January this month. Moreover, with a dominance of 58.31%, it has
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