The total market capitalization of the cryptocurrency market has fallen to approximately $2.66 trillion, dropping over 6% in the last 24 hours. $BTCETH and XRP have both declined, with nearly $500 billion evaporating in just a few days.

The trigger is concerns over interest rates. News related to the appointment of the new Federal Reserve leader has heightened market expectations for a "long-term high interest rate" policy. When interest rates remain high, risk assets perform poorly — and the current trend of cryptocurrencies is almost in sync with the U.S. stock market.

Leverage has further exacerbated the situation. As prices fall, forced liquidations follow. In three days, nearly $5 billion in leveraged positions were wiped out, rapidly turning a macro correction into a chain reaction of declines. Ethereum's weakness — combined with reports of significant unrealized losses among institutions — has dragged down other cryptocurrencies.

How severe is the impact?

▪ Bitcoin: down 13% (approximately $265 billion evaporated)

Ethereum: down 25% (approximately $91 billion evaporated)

▪ $XRP: -22% (approximately $24 billion evaporated)

▪ Solana: -23% (market cap evaporated by approximately $16 billion)

Market sentiment reflects the current losses. The "Fear and Greed" index has reached 18 (extreme fear), and many indicators show oversold conditions. The next trend will depend on one thing: can Bitcoin hold around $77,000? If it can hold, the market may see a turnaround. If it cannot, market volatility may still be far from over.

#BitcoinPriceAnalysis# #Ethereum

#XRP #MacroInsights#