XRP slipped below an important support level, while Bitcoin declined after the Federal Open Market Committee meeting, which triggered renewed volatility across the crypto market. Tokens such as DeXe and Uniswap recorded the steepest losses of the day, both falling by double digits.
The FOMC meeting and the following press conference from Kevin Warsh introduced uncertainty into markets. Bitcoin briefly dropped by more than two thousand dollars from peak to trough before finding temporary support.
Altcoins largely followed Bitcoin’s movement over the past 24 hours. Ethereum moved below 1,750 dollars, while XRP broke under the key 1.20 dollar level.
Market volatility and recent price action
Over the previous weekend, optimism spread through the market after comments from US President Donald Trump regarding a potential agreement with Iran. Despite continued geopolitical tensions in the Middle East, he later confirmed a deal outline, which initially pushed crypto prices higher.
At that time, Bitcoin was trading below 64,000 dollars. It quickly surged to around 66,000 dollars within minutes and climbed further to about 67,200 dollars the following day. However, the rally lost momentum as prices retreated back toward 66,000 dollars. Another attempt to break higher near 67,000 dollars also failed before attention shifted to the Federal Reserve meeting.
During the FOMC session, the Federal Reserve kept interest rates unchanged as expected. However, Kevin Warsh’s remarks after the meeting reduced expectations for more accommodative monetary policy.
Following the announcement, Bitcoin dropped again to around 63,600 dollars earlier in the day, triggering more than 400 million dollars in liquidations across the market. Although it has recovered slightly above 64,000 dollars, it remains about 1 percent lower on the day. Its market capitalization has fallen to approximately 1.29 trillion dollars, while its dominance over altcoins remains just above 56 percent.
Altcoin performance mixed
Stellar was a rare outperformer, rising about 10 percent to reach 0.24 dollars. In contrast, Zcash declined by around 7 percent.
Other notable losses included Uniswap and DeXe, which dropped between 11 and 12 percent. Analysts have also warned that XRP could face further downside toward 1.00 dollar if it fails to hold the 1.20 to 1.21 dollar range.
Overall, the total cryptocurrency market capitalization fell below 2.3 trillion dollars after losing roughly 25 billion dollars within a 24 hour period.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
