Why Is Crypto Down Today? Bitcoin, Ethereum, XRP Prices Drop Explained
The crypto market slipped again on Friday. Total market cap fell 0.98% to $2.74 trillion in 24 hours.
Risk appetite stayed weak as AI stock valuations sold off. Bitcoin and Ethereum both lost ground, and leveraged traders took the hit. This has left investors wondering: Why Is Crypto Down Today?
Why Is Crypto Down Today?
Traders are pulling back from risk. A deep sell-off in AI valuations is one big reason.
Stocks are under stress too. One report says $770 billion left the US stock market as US-Iran war fears grew.
An X post by Ronald Carter says about $600 billion vanished across eight Asian markets. Kospi fell 4%, and the Nikkei dropped 2.6%. Brent oil rose 2% to $111 a barrel, the post adds.
It also says the Houthis hit a Saudi Aramco field, and Trump said the US is "not negotiating" with Iran. These numbers come from social media, so treat them with care.
What Are Bitcoin, Ethereum, XRP, and Solana Prices Today?
Coin | Price | 24h Change |
Bitcoin (BTC) | $81,791.65 | -1.03% |
Ethereum (ETH) | $2,403.47 | -1.24% |
XRP | $1.32 | -1.18% |
Solana (SOL) | $104.45 | -0.34% |
Total market cap | $2.74T | -0.98% |
Ethereum had the biggest loss among the four coins.
How Much Crypto Was Liquidated in the Last 24 Hours?
Period | Total | Long | Short |
1 hour | $3.05M | $1.51M | $1.54M |
4 hours | $41.75M | $26.66M | $15.09M |
12 hours | $109.89M | $82.41M | $27.47M |
24 hours | $422.93M | $370.36M | $52.57M |
About 94,632 traders were wiped out, per CoinGlass. Longs made up 87.6% of the total.
Bitcoin led at $98.84M, and 92.4% of that was long. Ethereum followed with $75.33M.
Binance had 43.5% of the total. The biggest single order was $7.93M, a Bitcoin long on Hyperliquid at $81,661. Gold and silver contracts saw about $20M each.
What Is the Crypto Fear and Greed Index Today?
Time | Score | Mood |
Now | 50 | Neutral |
Yesterday | 68 | Greed |
Last week | 63 | Greed |
Last month | 71 | Greed |
The mood changed fast. One day ago, traders felt greedy. Now they look undecided.
Are Bitcoin and Ethereum ETFs Seeing Outflows?
Yes. SoSoValue data for October 22 shows most US spot ETFs lost money.
Asset | ETFs | 1-Day Flow | 30-Day Flow | Net Assets |
Bitcoin | 12 | -$635.49M | +$446.17M | $104.71B |
Ethereum | 11 | -$110.50M | -$967.43M | $14.57B |
Solana | 9 | -$8.51M | +$68.04M | $1.61B |
XRP | 5 | +$3.55M | +$74.04M | $1.49B |
XRP ETFs were the only ones of the four with inflows. Bitcoin ETFs hold about 6.36% of Bitcoin's market cap.
Will the Fed Raise Interest Rates on October 28, 2026?
The current range is 3.75% to 4.00%. CME FedWatch shows a 90.6% chance of no change.
Target Rate | Now | 1 Day Ago | 1 Week Ago | 1 Month Ago |
3.75% to 4.00% (current) | 90.6% | 84.5% | 84.5% | 29.1% |
4.00% to 4.25% | 9.4% | 15.5% | 15.5% | 70.9% |
A cut has 0%. A month ago, a hike looked 70.9% likely. Rate fears have cooled, though they have not gone away.
Can AI Agents Hack Banks and Crypto Wallets?
A post from Crypto Rover says AI agents pulled off $4.6 million in simulated smart contract hacks. It also says they found new bugs.
The post ties this to banks. US banks reportedly caught AI agents logging into customer accounts. Morgan Stanley is blocking them. JPMorgan, Bank of America, and Citi are restricting them. Schwab says it blocks outside agents every week.
Jamie Dimon said, "You don't want rogue agents." The open question is who pays if an agent loses a customer's money.
Cloudflare also flagged two critical PHP flaws. Hacking attempts jumped from thousands to millions in hours.
CZ wrote on X that no wallet or software is 100% safe. His advice: stay updated and manage risk.
What Could Happen Next to Bitcoin and Ethereum?
Nobody can say for sure. A few things are worth watching.
Bitcoin trades close to $81,661, where the largest long was liquidated. Many leveraged longs are already gone, which may limit forced selling. Still, another drop could trigger more liquidations.
The Fed meeting on October 28 is the next big date. ETF flows, oil, and AI stocks may also steer the crypto market.
Ethereum, at $2,403.47, faces heavier ETF outflows than Bitcoin. Sentiment could swing again in either direction.
Disclaimer
This article is for information only. It is not financial, investment, or trading advice. Crypto assets are volatile, and you can lose money. Prices and data can change fast. Do your own research and speak with a licensed financial advisor before you invest.
