Bitcoin, Ethereum, XRP and Dogecoin prices are falling today due to intensive sales on the spot market. Stock market data shows that many investors buy ‘idol’ option because they expect more price decrease. Meanwhile, macroeconomic concerns, such as Trump tariffs and description of inflation data, also keep crypto investors on thorns.
Why do BTC, ETH, XRP and Dogge fall today?
Bitcoin is fighting to protect $ 85,000 after a decrease of 2.67 %during the day. At the same time, Ethereum and XRP decreased by 5.7 %and 6 %, respectively. The price of Dogecoin experienced a significant decrease of 7.9 %, although analysts shared a positive Doge look.
One of the reasons why the price of Bitcoin decreases today is the increase in sales activities on the Bitfinex stock exchange. This sales activity is shown by the Spot CVD indicator, which points to a large number of sales orders on Bitcoin, while the procurement pressure is weakened. Spot CVD has been a sign of a decline trend since the beginning of this week, and this is a sign that the trader has a surrender attitude.
Bitcoin Spot CVDThe price of Ethereum is falling today due to low demand from buyers. An analyst in X said that there has been sales pressure on ETH since December last year. If this continues, the price of ETH will continue to fall further and probably decreased below $ 2,000.
In addition, BTC Deribit Skew shows that market sensitivity to Bitcoin is now tending to decrease. Analyst Nazro said that there was an increase in the number of traders that purchased the ‘idol’ option in the price range of $ 80,000 to 85,000 dollars. Many investors buy ‘Put’ options instead of ‘Call’ options show that they predict that the price of Bitcoin will continue to decrease.
Bitcoin Put OptionsOther reasons for the fall of crypto prices today
Bitcoin, Ethereum, XRP and Dogecoin, as well as existing market conditions, as well as macroeconomic factors are also fueling the decline tendency in the crypto market today. As you have followed from Kriptokoin.com, automobile tariffs announced by US President Donald Trump will come into force next week. These tariffs are expected to cause shock in the global automobile industry. More importantly, these tariffs weaken the economic appearance of the United States and cause uneasiness in the crypto market today.
In the meantime, economists warn about an upcoming stagnation that affects the price of Bitcoin. At the same time, Reuters said that the US Congress Budget Office envisages an increase in weak economic growth and unemployment in the coming years. The US PCE inflation data will also be announced today and everything that points to increasing consumer costs will reduce the price of Bitcoin, Ethereum, XRP and Dogecoin again. Investors will pay attention to these data to evaluate the Fed’s decision on interest rates.
