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Cryptocurrency News Articles
Why Are Bitcoin, Ethereum, Solana & XRP Falling?
Feb 19, 2025 at 03:05 pm
Bitcoin's price has dropped below the key $95,000 support level, causing a ripple effect across the crypto market. As a result, other cryptocurrencies

Bitcoin price dropped below the crucial $95,000 support, triggering a wave of sell-offs in the crypto market. As a result, other cryptocurrencies like Ethereum, Solana, and XRP also witnessed a decline.
Multiple factors are driving this market downturn, including:
Macro-level anxiety gripped the markets as Donald Trump prepared to take the presidency. However, markets reacted negatively to the lack of pro-crypto developments, such as the absence of a Strategic Bitcoin Reserve program.
Moreover, the rug pull of the meme coin, LIBRA, created a wave of negative sentiment toward Solana. This incident, coupled with the massive sell-off, drained liquidity from the crypto market.
Despite Bitcoin mining activity dropping to lows not seen since October 2022, the cryptocurrency managed to hold above the $90,000 price level.
However, the broader crypto market faced heavy losses, with the total market capitalization dropping by about $20 billion in 24 hours. XRP price fell below the crucial $0.04 support, while Solana dropped below $20.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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