Why the Crypto Market Is Crashing: BTC, XRP, SOL, and More Under Pressure

The crypto market has taken a hit lately. Bitcoin's been locked in a stubborn standoff with key price barriers, and it's dragging down the whole market

The crypto market has taken a hit lately, with Bitcoin struggling to break through key price barriers.

The lack of progress has put pressure on other major digital currencies, including Ethereum, Solana, and XRP, which are now showing signs of weakness.

The broader market uncertainty, fueled by rising trade tensions and concerns about potential tariffs, has sparked a wave of selling.

As a result, market chatter is now focused on a potential market shakeup that could wipe out hundreds of millions in crypto value.

Bitcoin’s Lack of Strength Has Put Pressure On The Crypto Market

According to analyst Josh from Crypto World, Bitcoin is still weak and unable to break through the crucial resistance zone.

“Bitcoin is obviously rejecting from a major area of resistance, currently dumping in the short term alongside the US stock market. We’re looking at more weakness for Bitcoin and the crypto market,” said Josh.

Bitcoin’s latest downturn closely follows the US stock market, particularly the NASDAQ 100 index, which slid further after President Donald Trump announced that he may impose tariffs on an additional $100 billion in Chinese goods.

The fresh tariff announcement sparked another wave of selling across financial markets.

According to Josh, the pattern remains clear: whenever tariffs are mentioned, the stock market declines, and crypto follows suit, leading to increased volatility.

A major liquidation event has also shaken the market, with over 15,000 BTC liquidated in one hour on Bitrix.

“Anytime tariffs are mentioned, the market dumps… That’s simply what has been happening over the last couple of weeks,” said Josh.

Bitcoin: Crucial Levels To Watch

Bitcoin’s technical indicators on the 4-day chart suggest further weakness, despite the SuperTrend Indicator remaining bullish and nearing a bearish crossover.

The MACD on the weekly timeframe turned bearish more than a month ago, confirming a slowdown in bullish momentum.

The RSI’s bearish divergence indicates that its strength is waning.

Crucially, there is strong support for Bitcoin at $70,000–$74,000, and it meets resistance at $94,000–$95,500.

A slide can be expected if these levels are broken.

Bitcoin is currently trading at $73,000, and a move lower can be expected if it closes a weekly candle below $70,000.

The next critical level on the downside is $64,000, which aligns with the 0.382 Fibonacci retracement level.

Bitcoin Price Chart By TradingView

Ethereum Breaks Key Multi-Year Support

Ethereum is showing weakness after failing to hold onto its multi-year support at $2,670–$2,680.

The price action closed a weekly candle below this crucial level, signaling weakness and increasing the potential for further downside.

The next critical level to watch is $2,100, with further downside risks toward $1,900 and $1,500 if bearish momentum continues.

The potential for a drop toward $1,500 looms large if a weekly close below $2,100 is confirmed.

According to market chatter, a move below $1,500 could spark panic among traders.

However, if the bulls can manage to defend the multi-year support and close a weekly candle above $2,670–$2,680, then the next upside targets are $3,300 and $3,800.

Ethereum Price Chart By TradingView

Solana Shows Weakness As Bitcoin Hits Resistance

Solana is struggling after rejecting resistance at $178–$183 and is now testing support at $133–$139.

The broader market appears to be caught in a technical correction, with multiple cryptocurrencies showing signs of potential further decline.

On a weekly timeframe, SOL remains bearish, which is a concern for those hoping for a rebound.

According to analyst Josh, Solana is still weak and has more downside potential.

“This is looking bearish while the price is below this support… Expect major support between $120–$130.”

Solana Price Chart By TradingView

XRP: Crucial Levels To Watch

XRP attempted to break out above $2.65–$2.80 but failed, dropping back below that range.

If the price falls below $2.25, the next targets are $1.95–$2.00.

According to analyst Josh, previous bearish divergence has been invalidated, but there are still more downside risks.

“We’re looking at lower highs and lower lows. We never actually confirmed a bullish trend reversal.”

If the bulls can manage to push the price above $2.65–$2.80 and close a weekly