Bitcoin Plummets Below $105K, ETH, XRP Tank As US Regional Bank Fears Grip Markets

Bitcoin plummeted over 6% in the last 24 hours to trade at $104,742 as of 6:01 a.m. EST and ETH and XRP also tanked as fear gripped markets amid concerns over US regional banks.

Ethereum slid 7% to $3,720 while XRP dropped 7.6% to trade at $2.24, according to CoinGecko data.  

The broader crypto market shed more than 6%, pulling its market capitalization down to $3.62 trillion.

The crypto market was rocked by $1.2 billion in liquidations, with more than 300k traders liquidated, according to CoinGlass. The largest single liquidation order was on Hyperliquid on the ETH/USD pair, valued at $20.42 million.

The Crypto Fear and Greed Index plunged to 22, from 64 just last week, signalling ”extreme fear” among investors.

Only PAX Gold and Tether Gold were able to buck the trend, both climbing over 3%, according to CoinMarketCap.

US Regional Bank Fears Spook Markets

US regional banking stocks fell sharply on Thursday after two banks disclosed issues with bad and fraudulent loans, amplifying concerns on Wall Street around the state of credit markets.

Zions Bancorp announced it had a $50m charge over two bad loans from its subsidiary, California Bank & Trust in San Diego. Western Alliance also said it was dealing with a fraudulent borrower.

The selloff knocked the wider market, with the S&P 500 down 0.7% and the Dow Jones sliding 0.6%.

Jittery investors turned to safe-haven assets, powering gold to a record high near $4.4k an ounce after surging 8% in the last week.

Bitcoin And Ethereum Price Analysis: Sustained Bearish Moves Incoming?

The BTC price has broken below the lower boundary of its rising channel pattern, signaling a potential shift from bullish to bearish momentum. The Bitcoin price now trades beneath both the 50-day SMA (114,210) and is testing support near the 200-day SMA (107,515).

The RSI at 32.97 indicates oversold conditions, suggesting a possible short-term bounce, but overall sentiment remains weak.

If the BTC price fails to reclaim the 50-day SMA, further downside toward $100,000 or lower is likely. Bulls need a strong rebound above $110,000 to regain control of the trend.

Meanwhile, the Ethereum price has broken below its short-term ascending channel, indicating weakening bullish momentum. The ETH price is testing the 50-day SMA at $3,613, with the 200-day SMA near $3,088 acting as major support.

Fibonacci retracement levels show key zones at $3,863 (0.382) and $3,530 (0.5); losing these could trigger a deeper correction toward $3,200. The RSI at 43.6 signals mild bearish pressure but not yet oversold, suggesting more downside potential. To regain strength, ETH must reclaim $3,900 and hold above $4,000.

Otherwise, consolidation between $3,500–$3,200 may follow before any renewed bullish move.

XRP Breaks Below Key Support: Can Bulls Defend The $2 Level?

XRP has fallen sharply from its recent highs, breaking below the ascending triangle support and the 50-day SMA at $2.45, a sign of waning bullish momentum.

The 200-day SMA on the weekly chart near $1.00 now stands as major long-term support. The RSI at 42.44 suggests bearish pressure but not yet oversold, while the MACD shows weakening momentum as the signal line turns downward.

If the Ripple token price fails to reclaim $2.45 soon, a further decline toward $1.80–$1.50 is possible.

Bulls need a weekly close above $2.70 to restore positive sentiment and reattempt the $3.60 resistance zone.