What Happened in Crypto Today? These 5 Events Crashed The Market

What Happened in Crypto Today? Bitcoin, Coinbase, XRP, and More

The crypto scene took a tumble today going down 1.51% in just a day. Right now, the whole market is worth $3.32 trillion. We're going to dive into the top 5 big changes that caused this drop and how they're shaking up coins like Bitcoin, XRP, and others.

Bitcoin Falls After Big Jump – Market Awaits CPI Data

Bitcoin price crossed $105K after the US-China tariff deal, but soon dropped to $100.7K, losing all gains. It then recovered slightly to $103.45K, showing buyers are still active, according to coinmarketcap. This drop came as investors turn cautious before the US inflation (CPI) report today. 

Source: CoinMarketCap

Even Ethereum and Solana prices dropped. However, XRP stayed strong, rising to the 3rd spot thanks to more users and Missouri’s new cryptocurrency law proposal. The whole market is waiting to see what happens next.

Coinbase Makes History by Joining S&P 500, COIN Stock Jumps

Coinbase is now the first company to join the S&P 500 index. This big move was announced after Capital One decided to buy Discover Financial, which Coinbase will now replace. 

Source: Coinbase

The news made COIN stock go up by 8%, now trading near $224. It’s still down this year but rising fast. Coinbase also plans to buy Deribit for $2.9 billion. Experts say this could help Coinbase grow into a trillion-dollar company someday.

XRP Price Jumps While Other Coins Fall – Here’s Why

While most cryptocurrencies are going down, XRP is rising fast. Its price jumped to $2.48, gaining over 18% in a week. This happened because Ripple finally settled its long legal fight with the U.S. SEC, agreeing to pay a $50 million fine. 

Experts think the court will soon remove restrictions on Ripple. Also, Robinhood might buy Bitstamp and launch a exchange using Ripple’s tech, which could make XRP even more useful in global trading.

New SEC Boss Paul Atkins Backs Clear Rules for Cryptocurrency

The SEC is now changing how it deals with this industry. New Chairman Paul Atkins, chosen by Donald Trump, wants to stop sudden crackdowns and instead make simple rules for crypto companies. 

At a recent meeting, he said it’s a “new day” for this marketplace. Unlike the last chairman, Atkins wants to help the crypto industry grow. He also plans to update rules so companies can hold and trade crypto legally and safely. This means big changes ahead for crypto in the U.S.

Uzbekistan Launches HUMO Token to Go Digital with Money

Uzbekistan has started testing a new digital currency called HUMO. It’s backed by the Uzbekistani sum and government bonds, which means it’s stable and not for risky trading. 

One HUMO equals 1,000 UZS. The goal is to make payments cheaper and more transparent. It’s connected to the HUMO payment system, already used by 35 million people. This project shows how the country wants to use blockchain to make its economy smarter and more digital.

Conclusion

Today’s crypto crash was triggered by a mix of global events, legal updates, and investor caution. While Bitcoin and Ethereum dipped, XRP showed strength. 

Big moves from Coinbase and new laws may shape what’s next. As the CPI data nears, the market waits to see which direction things head. Investors should stay alert, watch key trends, and wait for signs of recovery before making any major buying or selling decisions.