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XRP News Today: " Crypto Market's $1.1 Trillion Drop Reveals Unseen Reliance on the Fed "

XRP News Today: " Crypto Market's $1.1 Trillion Drop Reveals Unseen Reliance on the Fed "

Bitget-RWA2025/11/20 18:34
By:Bitget-RWA

- Major cryptos lost $1.1T in late November as Fed rate-cut hopes faded and $1B in liquidations hit the market. - XRP dropped 15% to $2.17 amid ETF-driven volatility, with whales dumping 200M tokens post-launch. - Nvidia's $57B Q3 earnings briefly stabilized crypto, but Ethereum/XRP still fell over 13% weekly. - SEC reduced enforcement by 30% under new chair, while Brazil classified stablecoins as forex operations. - Market jitters persisted despite short-term rebounds, with crypto infrastructure deals hig

Bitcoin,

, and experienced significant declines at the end of November as diminishing expectations for Federal Reserve rate reductions and a surge in liquidations weighed on the crypto sector. The combined value of leading cryptocurrencies dropped by $1.1 trillion since Bitcoin reached its $126,000 high, with XRP amid turbulent ETF-related trading. The downturn was accompanied by $1 billion in liquidations throughout the industry, , as traders contended with a broader market pullback.

Expectations for rate cuts diminished further after the Bureau of Labor Statistics postponed its October employment data due to a government shutdown,

. The Federal Reserve is now scheduled to convene on Dec. 9–10, with officials indicating a lower probability of near-term rate reductions. This uncertainty put pressure on riskier assets, causing cryptocurrencies and stocks to decline as .

XRP News Today:
XRP’s 15% weekly loss stood out as new spot ETFs began drawing institutional funds despite the broader selloff. The token’s price found support above $2.15, for a possible move to $2.40–$2.70, according to analyst Ali Martinez. Coin Bureau reported that large XRP holders within the first two days after the ETF launches, intensifying the decline. Meanwhile, the XRP ETF by Nov. 14, with major providers such as Franklin Templeton and 21Shares preparing to introduce new products in the near future.

Nvidia’s impressive third-quarter results, with $57 billion in revenue and $31.9 billion in profit, temporarily steadied both crypto and tech shares. The company’s optimistic Q4 forecast helped ease concerns about an AI-fueled market bubble,

. Following the earnings report, Coinbase, MicroStrategy, and Circle Internet Group . Nevertheless, the overall correction persisted, with Ethereum and XRP each dropping more than 13% over the week.

and highlighted the industry’s ongoing investment in infrastructure. The company intends to use the funds for high-performance computing growth and the Barber Lake site, which now boasts 300 MW of capacity under a decade-long contract. demonstrated continued institutional trust in crypto infrastructure despite ongoing volatility.

Regulatory shifts also played a significant role.

under Chair Paul Atkins, as the agency began focusing on building a “rational” regulatory structure for digital assets. At the same time, Brazil’s updated crypto rules, , reflected a trend toward greater global oversight.

Bitget’s

and Coinbase’s showcased ongoing advancements in tokenized finance. Still, market uncertainty lingered, with and Ethereum struggling to regain upward momentum despite brief recoveries.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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