BTC, ETH, XRP Prices Crash

Wh y Is Crypto Market Down Today: Here's The Reason Behind The Crash

Why is the crypto market down today ? Rate hike bets and rising US-Iran tension pushed prices lower across stocks, metals, and crypto.

BTC fell to $83,783.73, down 3.1% in 24 hours. The total crypto market cap slipped to about $2.96 trillion, down 2.9% on the day.

Ethereum looks similar. ETH trades at $2,674.68, down 3.2%. XRP news today is weaker, with the coin at $1.49, down 6.6%.

Source: CoinGecko. Bitcoin dominance sits at 56.9%, and Ethereum dominance is at 11%. Trading volume over the last day was about $124 billion.

All four coins are still up over the past week.

Two things hit at once: politics and interest rates.