Bitcoin Price Falls Today, Weighing on Ethereum, XRP and Dogecoin

The crypto landscape has shown mixed signals during the last 24-hour window. Bitcoin price initially surged above $110,000

The cryptocurrency market continues to be turbulent in June 2025, with major digital assets experiencing significant price fluctuations amid shifting macroeconomic conditions.

Bitcoin price has dropped further after U.S. inflation data came in slightly cooler than expected, while Ethereum price is testing key support levels. Meanwhile, XRP price is facing persistent selling pressure, and Dogecoin price is continuing its decline.

Here's a breakdown of the latest developments in the crypto market.

Why Is Crypto Down?

The primary catalyst stems from stalled U.S.-China trade negotiations, with Treasury Secretary Scott Bessent's confirmation dampening investor sentiment and triggering risk-off behavior globally.

The U.S. inflation reading also played a role. Although the cryptocurrency market initially reacted positively to the Consumer Price Index (CPI) report, showing annual inflation at 2.4%, slightly below the expected 2.5%, investors remain cautious due to ongoing concerns over the growing debt burden of the U.S. government.

"The latest U.S. CPI data has been published and came in slightly cooler than expected, giving the market some optimism that inflation might be easing, ” explains Dr. Kirill Kretov from CoinPanel elaborates on the current market dynamics. “However, macroeconomic uncertainty is still high. With the market's thin liquidity, even moderate players with enough capital could easily move prices against expectations."

Massive liquidations have amplified the downward pressure, with over $683.4 million in crypto futures liquidated within 24 hours. Long positions accounted for $617.85 million of these liquidations, demonstrating the extent of overleveraged bullish positions in the market.

Technical breakdown occurred as the total crypto market capitalization broke below the critical $3.35 trillion support level. This technical failure triggered algorithmic selling and stop-loss orders, creating additional downward momentum that affected all major cryptocurrencies.

Bitcoin Price Falls Today, Weighing on Ethereum, XRP and Dogecoin

The crypto landscape has shown mixed signals during the last 24-hour window. Bitcoin price initially surged above $110,000 following cooler-than-expected U.S. Consumer Price Index (CPI) data, but subsequently retreated to close at $106,687, marking a 1.4% decline. The flagship cryptocurrency continues trading around $107,634 on Thursday, maintaining its position as the market leader despite ongoing volatility.

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