Why are Bitcoin, Ethereum and XRP declining?
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are trading under pressure at the time of writing on Thursday amid a confluence of weak market sentiment and deteriorating technical structures.
The King of Crypto, Bitcoin, is struggling to maintain the critical $88,000 support level, while Ethereum has slipped below the psychologically vital $3,000 mark, and XRP continues its decline beneath $1.90 despite stable institutional interest.
The broader cryptocurrency market weakness reflects ongoing macroeconomic headwinds after the Federal Reserve (Fed) left interest rates unchanged in the range of 3.50%-3.75% at the end of its monetary policy meeting on Wednesday.
Weakening investor sentiment and technical headwinds have prompted traders to…
