Cryptocurrency markets are showing a significant price decline today as Bitcoin has dropped by over 5% in the past 24 hours. Most other cryptocurrencies followed BTC’s trajectory, with Ethereum diving by 3.8%, XRP down 2.33%, and Solana down 4.38%. What’s causing the sharp sell-off? Let’s look at any relevant news that might be causing the current crypto correction. Why Bitcoin’s Price Is Dropping? One reason for Bitcoin’s recent price drop is the Fed’s increase of interest rates, which is the most significant increase in decades. The cause for the current interest rate hike is an attempt by the Fed to
The post Why Is Bitcoin, Ethereum, XRP, Solana Price Dropping Right Now? appeared first on The Merkle News.
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