Crypto Today: What You Need to Know About the Market Now

 

As of today, the cryptocurrency markets are experiencing a notable downturn:

Bitcoin is trading below $115,000, dipping about 3.2% in the last 24 hours.

Ethereum is also down, losing over 5%, dropping to under $4,200.

Altcoins like XRP (−6.2%) and Cardano’s ADA (−8%) are seeing deeper declines.

This pullback comes as traders anticipate signals from the Federal Reserve—particularly Fed Chair Jerome Powell’s upcoming Jackson Hole speech and the release of FOMC minutes. These macroeconomic cues could significantly impact crypto liquidity and investor sentiment in the near term.

Quick Facts At a Glance

Metric Current Value

Total Crypto Market Cap ~$3.96 trillion

Top 100 Coins in the Red 92%

Bitcoin Price ~$115,118

Ethereum Price ~$4,237

What’s Driving the Drop?

Macro volatility: Investors are reacting ahead of critical Fed communication—tighter policy may constrain crypto price gains.

Broad selling pressure: Nearly all major tokens are in the red amid growing uncertainty.

Liquidations: Sell-offs, especially in derivative markets, are intensifying downward momentum.

What This Means for You.

If you're considering a buy-in, this dip might offer an entry point—especially ahead of potential rate signals. But if you're cautious, it may also be wise to wait for clearer signs from the Fed before re-entering the market.