XRP Slides as Bitcoin Drops from $75,000 to $66,000, Ethereum Below $2,000
XRP slid deep into weekly losses as Bitcoin tumbled from $75,000 to $66,000 and Ethereum dropped below $2,000, driven by Iran war uncertainty and crude oil trading above $110 per barrel. Risk-off flows pushed all three major U.S. stock indices into correction territory, exacerbating selling pressure on digital assets.
1. Weekly Price Movements
XRP entered the red for the week as Bitcoin fell from $75,000 to $66,000 and Ethereum slipped below $2,000, while Solana also recorded significant declines in tandem with broader digital assets.
2. Macro Drivers
Uncertainty over the war in Iran and crude oil trading above $110 per barrel triggered a flight to cash, driving risk-off flows across cryptocurrencies and equity markets.
3. Broader Market Correction
All three major U.S. stock indices fell into correction territory, defined by declines of at least 10% from recent highs, reinforcing investor caution and amplifying selling pressure on digital assets.