Why Are Bitcoin, Ethereum and XRP Prices Going Up Today?
The post Why Are Bitcoin, Ethereum and XRP Prices Going Up Today? appeared on BitcoinEthereumNews.com.
The post Why Are Bitcoin, Ethereum and XRP Prices Going Up Today? appeared first on Coinpedia Fintech News The crypto market is showing signs of life again after a dramatic shakeout earlier today. Bitcoin, which briefly fell below $90,000 for the first time in seven months, has bounced back toward the $94,000 zone. The recovery comes as the broader market turns slightly positive, with global crypto market capitalization rising 1.4 percent to $3.16 trillion. Most altcoins are trading in the green, including Ethereum, XRP, Solana, Cardano, Dogecoin and BNB. The rebound follows a wave of volatility triggered by heavy liquidations, a macro-driven sell-off in tech stocks, and speculation surrounding political and regulatory risks. Bitcoin Reclaims Ground After Liquidations Bitcoin is now trading near $92,500 after recovering from its morning low of $89,000. Analysts say the plunge was driven by forced liquidations and investors fleeing risk assets. More than $620 million in positions were wiped out in 24 hours as BTC tested key support. Despite the panic, Bitcoin quickly stabilized. Traders point out that BTC’s earlier fall mirrored this month’s broad sell-off in AI-related tech stocks, suggesting a shift toward “risk-off” behavior in global markets. Ethereum and XRP Follow the Bounce Ethereum is up around $3,110 with a 3% gain in the past day, while XRP trades near $2.21 after rising more than 3 percent. XRP’s move follows strong interest in the newly launched spot XRP ETF in the U.S., which recorded nearly $60 million in first-day volume, this year’s highest opening for any ETF. Altcoins including Solana, TRON, Dogecoin and Cardano have also turned positive after the early-morning chaos. Why the Market Dropped And Why It’s Recovering Experts say the downturn was caused by a mix of macro stress and crypto-specific pressure: • Investors dumped speculative tech and crypto assets…
Filed under: News - @ November 19, 2025 4:28 am