Here’s Why Bitcoin and the Crypto Market Are Falling Today

Bitcoin (BTC) and most major altcoins have started the week on a downward trend as the market braces for the Federal Reserve's upcoming interest rate decision.

BTC has dropped to the $100,000 mark, with other key cryptocurrencies like Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE) seeing losses of 5% to 10%.

Analysts attribute Bitcoin’s decline to profit-taking by investors, even after support from U.S. President Donald Trump’s executive orders aimed at fostering crypto adoption.

Sean McNulty, head of derivatives at FalconX APAC, explained that the market had already priced in much of the positive sentiment around these developments.

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“Investors were expecting something more immediate, like a Bitcoin reserve actively buying BTC. When that didn’t materialize, those who bought on the hype began to take profits, leading to the price drop,” McNulty told Bloomberg.

Adding to the market’s uncertainty is the Federal Reserve’s impending decision on interest rates, which has created a cautious atmosphere among investors. Experts suggest this uncertainty is amplifying volatility in the crypto market, putting further pressure on Bitcoin and other cryptocurrencies.

Source

Alexander Zdravkov