Why are the prices of Bitcoin, ETH, XRP, and SOL falling today and what comes next?

The crypto market today is feeling the weight of macroeconomic factors and unstable geopolitical situations. The industry's valuation has fallen to just $3.3 trillion, with a decrease of 4.3% in the past 24 hours. However, the 24-hour trading volume has surged over 42%, reaching $114.74 billion, indicating an increase in volatility and possibly signaling a panic sell-off.

In the context of a turbulent market, the Fear & Greed Index has slipped to a level of 43, putting the market in a neutral state. Escalating tensions in the Middle East and uncertainty surrounding the potential restoration of Trump-era trade policies are causing both traditional and digital asset investors to fear. Let's take a look at how these factors are affecting the four largest cryptocurrencies today: Bitcoin, Ethereum, XRP, and Solana.

Bitcoin: Will it hold the level of 102,000 dollars?

The price of Bitcoin is currently trading at $103,451, falling 2.6% in the past 24 hours. The daily low reached $102,372, indicating that this cryptocurrency is in a danger zone, close to important support levels. The trading volume in the past 24 hours reached $31.2 billion, reflecting a lively trading activity; however, this is still not enough to confirm a sustainable bullish trend.

If Bitcoin does not hold the support level of 102,000 dollars, the possibility of the price continuing to fall below 100,000 dollars, and even potentially hitting the threshold of 98,500 dollars, is entirely possible. On the contrary, if the market shows signs of recovery and BTC regains the level of 105,000 dollars, a short-term price increase to 107,000-108,000 dollars is feasible.

BTC Price Chart 4 Hours | Source: TradingViewWith the strong fluctuations of the market and the influencing factors from the macro economy, as well as the geopolitical situation, the forecast for Bitcoin price until the end of 2025 and during the period of 2026–2030 will be very noteworthy. These factors will certainly continue to profoundly affect the development of this cryptocurrency.

Ethereum: About to fall to $2,300?

Ethereum is currently facing the largest pressure among the top cryptocurrencies, as its price has fallen by 5.3% to $2,426. The daily trading volume of ETH has sharply decreased by 76%, down to $20.3 billion, with a daily low of $2,371, indicating that this cryptocurrency is testing a key support area.

! 4-hour ETH price chart | Source: TradingViewIf Ethereum is unable to hold the $2,370 support level, the next level to watch will be $2,300. If it continues to weaken, the next strong support level will be at $2,200. However, to be able to start the recovery process, Ethereum needs to cross the $2,500 threshold. If the coin can break through the $2,570 mark, then the possibility of a strong rally, up to $2,650, is quite possible.

XRP: Will it fall below 2 dollars?

XRP has fallen 1.8% in the last 24 hours and is currently trading at $2.14. Although this decline is not as severe compared to Ethereum, the trading volume of XRP has surged by 45.9%, reaching $2.49 billion, indicating that large investors may be selling off.

XRP Price Chart 4 Hours | Source: TradingViewIf the selling pressure continues to increase, XRP may retest the support level of $2, and in a worse case scenario, it could drop to $1.9. On the contrary, if the price can recover and break through the $2.18 mark, a slight increase towards $2.3 is entirely possible.

The situation of Solana and other altcoins

Altcoins, especially Solana, have witnessed a significant fall today. Typically, altcoins like Solana often struggle during geopolitical crises due to high volatility and a larger beta compared to Bitcoin. In such situations, investors tend to shift towards more stable assets like Bitcoin, or completely withdraw from the risk market.

Currently, Solana is falling 4.9% on the day and is facing strong resistance in the range of $147–$155, while it has not been able to break through the 50-day SMA, currently at $160.65. The 78.6% Fibonacci retracement level at $147.38 also acts as a solid "ceiling," putting significant downward pressure on this coin in the context of increasing bearish trends.

On the 4-hour chart, technical indicators such as MACD are showing clear downside pressure (-1,8), while the RSI is nearing the oversold zone with a value of 38, signaling that the market may continue to weaken. The next level to watch is the low from June 20 at $136.51. If the price breaks this level, it could lead to a chain of stop-loss orders, pushing Solana down to the $130 area.

SOL 4-hour price chart | Source: TradingViewThe fall of Solana also reflects the general trend of altcoins in the context of Bitcoin's dominance increasingly rising. Currently, Bitcoin's dominance rate has surged to 64.24%, the highest level since January, when capital began to shift from altcoins to Bitcoin.

The Altcoin Season Index of CoinMarketCap has fallen to 19/100, entering the "Bitcoin Season" zone, indicating that the market is heavily leaning towards Bitcoin. Additionally, the increase in the correlation coefficient of Solana with Bitcoin (0,89) makes this cryptocurrency particularly vulnerable when Bitcoin declines.

Annie