Markets Rippled ā $120B Wiped Out, New Crypto Bill Drama & XRP Supply Shock!
š 1) Crypto Market Gets Hit Hard ā $120B Wiped Out
Over the last 24 hours, the global crypto market plunged sharply, with total market cap dropping more than $120 billion as fear hit traders and risk assets tanked amid macro uncertainty. Bitcoin dipped below key support levels near $89,000 and Ethereum slid under $3,000 ā liquidating hundreds of thousands of traders and spiking crypto fear indexes.
ā” 2) Trump Policy Shift Sends Shockwaves
In an extraordinary move, global markets reacted violently to geopolitical headlines and policy shifts from the U.S. administration today. Meanwhile, a White House advisor confirmed that a major federal crypto market structure bill is still on the table, causing wild swings in sentiment as traders weigh new regulatory catalysts vs risk.
š 3) XRP Supply Shock ā Binance Reserves Drop 45%
In perhaps the dayās biggest headline bombshell for altcoins, Binanceās XRP reserves plunged by ~45% year-over-year ā sparking intense debate among traders: Is this a supply squeeze or a stealth selloff? This could supercharge volatility if whales keep playing big.
š„ 4) Ethereumās Institutional āMidlife Crisisā Revealed
Fresh analysis highlights that Ethereum faces unexpected institutional weakness, forcing its foundation into a bold 35-point strategy response just yesterday ā signaling real structural market shifts beyond price action.
š Market Sentiment & Price Action Today
Despite the bloodbath in parts of the market:
Bitcoin reclaimed ~90K after easing tariff threats ā but risk appetite is still fragile.
Altcoins are mixed as traders rotate between safe havens and opportunistic buys.
Fear & Greed Index remains in āextreme fearā, showing traders are cautious after recent shocks.
š Why This Matters for Traders Right Now
š Volatility isnāt over ā itās accelerating
š Political & macro drivers are dominating crypto moves
š Key support levels are shaping tomorrowās breakout zones
š Regulation news continues to be the āreal catalystā
š” Takeaway: This isnāt just a price drop ā itās a structural shakeout driven by geopolitics, policy, liquidity shocks, and whale behavior. Traders should watch BTC support, XRP dynamics, and regulatory developments closely.#WEFDavos2026 #TrumpCancelsEUTariffThreat #WhoIsNextFedChair #TrumpTariffsOnEurope



