11/20/2025
165 words
1 min read
Bitcoin, Ethereum and XRP Dive as Rate Cut Hopes Fade, Liquidations Near $1 Billion
Overview
Bitcoin, Ethereum, and XRP are experiencing significant downward pressure as hopes for interest rate cuts diminish. This decline is marked by Bitcoin falling below the $87,000 threshold for the first time in seven months, while liquidations are nearing $1 billion.
What Happened
On Thursday, Bitcoin faced a notable drop, falling below the $87,000 mark for the first time in seven months. This decline has been accompanied by a surge in liquidations, exceeding $900 million. The loss in value for these cryptocurrencies is attributed to the fading expectations surrounding potential interest rate cuts.
Impact on the crypto market
- Bitcoin has fallen below the $87,000 mark for the first time in seven months.
- Liquidations in the market have surpassed $900 million.
- The decline affects not only Bitcoin but also major cryptocurrencies like Ethereum and XRP.
- The market’s reaction may signal broader concerns regarding interest rate policies.
- Investors may reassess their strategies in light of the changing economic outlook.
Updated: 11/20/2025, 6:35:07 PM
