Why are Bitcoin, Ethereum and XRP Prices Crashing Hard Today?
The post Why are Bitcoin, Ethereum and XRP Prices Crashing Hard Today? appeared first on Coinpedia Fintech News
Cryptocurrency markets extended their sharp decline on Thursday, with Bitcoin, Ethereum and XRP dropping to multi-month lows as institutional selling, heavy liquidations and weak market sentiment combined to push prices lower.
Bitcoin fell below $69,000, slipping under its previous 2021 all-time high, while Ethereum dropped below $2,000 for the first time since May 2025. XRP also recorded steep weekly losses as selling spread across major altcoins.
The total crypto market capitalization declined to roughly $2.3 trillion, down more than 7% in 24 hours.
Bitcoin’s sharp decline from record highsBitcoin has now fallen roughly 45% from its recent peak near $126,000, marking one of the fastest multi-month corrections of the current cycle. Over the past 120 days, the cryptocurrency has dropped by more than $56,000, averaging a decline of roughly $14,000 per month.
