{"id":857526,"date":"2025-06-23T09:12:19","date_gmt":"2025-06-23T14:12:19","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/23\/why-is-the-crypto-market-crashing-eth-pi-network-xrp-prices-down-9\/"},"modified":"2025-06-23T09:12:19","modified_gmt":"2025-06-23T14:12:19","slug":"why-is-the-crypto-market-crashing-eth-pi-network-xrp-prices-down-9","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/23\/why-is-the-crypto-market-crashing-eth-pi-network-xrp-prices-down-9\/","title":{"rendered":"Why Is the Crypto Market Crashing? ETH, Pi Network, XRP Prices Down 9%"},"content":{"rendered":"
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\"Israel-Iran<\/figure>\n<\/div>\n
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The cryptocurrency market is reeling from a sharp sell-off over the past 24 hours, driven by a mix of geopolitical tensions, technical breakdowns, and mass liquidations.\u00a0<\/p>\n

What Triggered the Crash?<\/p>\n

The immediate cause of the market crash was a major geopolitical event \u2014 U.S. airstrikes on Iranian nuclear sites on June 22. Ordered by President Donald Trump, the attack heightened fears of a broader conflict in the Middle East. The move triggered a global \u201crisk-off\u201d sentiment, leading investors to dump riskier assets like cryptocurrencies in favor of safer options such as gold and the U.S. dollar.<\/p>\n

As a result, over $636 million in crypto leveraged positions were liquidated, sending shockwaves through the market.<\/p>\n

How Are Cryptos Reacting?<\/h3>\n

Bitcoin (BTC) plunged sharply to $100,000 before managing a partial recovery. Despite the bounce, overall market sentiment remains in a tricky spot.<\/p>\n

Ethereum also faced heavy selling pressure, falling over 10% in a single day to around $2,196. XRP wasn\u2019t spared either, dropping nearly 9% to trade at $1.97. Other cryptocurrencies like Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) also suffered losses ranging from 7% to 15%.<\/p>\n

What\u2019s Next for the Market?<\/h3>\n

Analysts warn that unless tensions between the U.S. and Iran ease, cryptocurrencies are likely to remain under pressure. Now all attention is on whether Bitcoin can hold above the $100,000 support level. If it fails, further losses could drag the market lower.<\/p>\n

Market Sentiment Update<\/h3>\n

The Crypto Fear & Greed Index currently sits at 40 (Neutral), but this could quickly swing toward \u201cFear\u201d if geopolitical tensions intensify in the coming days.<\/p>\n

Hence, The crypto market is currently driven more by geopolitical events than technical patterns. Until the situation stabilizes, volatility is expected to remain high.<\/p>\n<\/div>\n

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\n \ufeffAnjali Belgaumkar<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency market is reeling from a sharp sell-off over the past 24 hours, driven by a mix of geopolitical tensions, technical breakdowns, and mass liquidations.\u00a0 What Triggered the Crash? The immediate cause of the market crash was a major geopolitical event \u2014 U.S. airstrikes on Iranian nuclear sites on June 22. Ordered by President<\/p>\n","protected":false},"author":1,"featured_media":857527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22791,497],"tags":[],"class_list":{"0":"post-857526","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto","8":"category-market"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/857526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=857526"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/857526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/857527"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=857526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=857526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=857526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}