Why Is Crypto Crashing Today After the Fed? BTC, ETH, XRP, SOL Drop

Why Is Crypto Crashing Today?

Traders across social media are asking why is crypto crashing today, and the answer points straight at the Federal Reserve. The Fed kept rates unchanged, but warned that inflation is still a problem.

That spooked investors. Risk assets like crypto tend to fall when borrowing stays expensive and the Fed sounds cautious.

Bitcoin dropped around 3% in 24 hours to trade near $63,900. ETH, XRP, and Solana all fell between 1% and 4% in the same period.

Why Did the Fed Hurt Crypto Prices Today?

The Fed held rates at 3.5% to 3.75%, which was expected. But its tone was not what markets wanted to hear.

Officials updated their projections to show higher inflation ahead. Some even hinted that rates may still need to go higher, not lower.

That kind of language signals fewer rate cuts in the future. For crypto and other risk assets, that means less cheap money flowing into markets.

How Much Did Bitcoin Fall Today?

Bitcoin is trading near $63,872 on the weekly chart. It is down about 2.80% on the week.

The bigger concern is the weekly timeframe. Bitcoin has broken below its 200-week moving average, which sits at $69,446. That is a level many long-term traders watch closely.

Price is now trading inside a descending channel on the weekly chart. A white trendline on the chart shows BTC testing the lower boundary of that channel near current levels.

If Bitcoin loses the $60,000 zone, the next major support is near $50,000. For now, the $63,000 to $70,000 range is where analysts see consolidation continuing.

What Is Ethereum Price Today?

Ethereum dropped 1.24% to trade around $1,728 during the session. The daily chart shows a clear downtrend since the beginning of 2026.

All four EMAs (20, 50, 100, 200) are stacked bearishly above the price. The 200 EMA sits at $2,102, while the price is well below that at $1,728.

A rising trendline drawn from the February lows is visible on the chart. Price is currently testing that line near $1,722, and holding above it matters for any near-term recovery.

RSI on the daily is sitting at 39.89, which is close to oversold territory but not quite there yet. A bounce from current support could push ETH toward the $1,944 zone, where the 50 EMA sits.

Why Is XRP Price Dropping Today?

XRP fell 1.74% to trade at $1.1661. The daily chart shows the coin has been in a downtrend since early January 2026.

XRP is trading below all four EMAs. The 20 EMA sits at $1.2023 and is acting as near-term resistance. The current price is well below the 0.618 Fibonacci retracement level at $1.5886.

The 0.786 Fibonacci level at $1.0237 is the next key support below the current price. If that level breaks, the $1.00 round number becomes the floor to watch.

RSI is at 42.38, showing weak momentum without being oversold. A recovery above $1.20 would be the first sign that selling pressure is easing.

Why Is Solana Price Down Today?

Solana lost 1.40% to trade at $71.03. The daily chart looks similar to other major alts, with all EMAs above the price.

The 200 EMA at $84.58 is a big gap above the current price. Key support sits around the $65 zone, where SOL found buyers during the February 2026 selloff.

RSI on the daily chart is at 44.36, not yet in oversold territory. Volume at 29,620 units is relatively low, which may suggest the selling has not been panic-driven.

The $76 to $77 region is the immediate resistance zone if SOL tries to reclaim momentum.

How Much Crypto Was Liquidated Today?

The sell-off was not just a price move. Part of why is crypto crashing today is the forced selling that swept through derivative markets all at once.

According to CoinGlass data, total crypto liquidations in the past 24 hours reached $492.05 million. Over 116,649 traders were affected.

Long positions took the hardest hit, with $368.90 million in long liquidations wiped out. The single largest liquidation was a $4.96 million BTCUSDT trade on Binance.

When liquidations are this large, price moves tend to be fast and sharp. It also signals that many traders were caught off guard.

Why Did Crypto Fall While Stocks Rose Today?

Earlier this week, a signed Iran peace deal lifted stock markets. But crypto did not follow.

This is not unusual. Stocks reacted to the geopolitical relief, but cryptomarkets have been more focused on macro rate policy.

The two drivers pulled in opposite directions on Thursday. The peace deal eased one type of risk, but the Fed's hawkish tone created a different kind of pressure.

Until interest rate expectations shift again, it is unlikely that geopolitical calm alone will drive a sustained crypto rally.

Where Will Bitcoin Price Go After the Fed Meeting?

Most analysts are not calling a bottom yet. Bitcoin remains below its 200-week EMA, which is a bearish signal on the long-term chart.

Estimates for the near-term price range are between $60,000 and $70,000. That range holds unless a new catalyst appears.

Possible catalysts being discussed include U.S. crypto legislation moving forward or a shift in Fed language toward rate cuts. Neither of these has happened yet.

Until one does, the market is likely to stay in a wait-and-see mode. For anyone still asking why is crypto crashing today, the short answer is the Fed, liquidations, and a market that has not found its floor yet.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile. Always do your own research and consult a qualified financial advisor before making any investment decisions.