What happened?
The market fell again today after a sharp drop in tech stocks, dragging crypto down as XRP, Bitcoin and Ethereum all slid. All three tokens have fallen by double-digit percentages over the past week and month, though charts show indicators near oversold levels. At the same time a presale token called PEPENODE has raised over $2 million and traders are eyeing upcoming ETF launches that could spark a rebound.
Who does this affect?
Retail traders and short-term investors are feeling the hit from the sudden selloff as prices and sentiment swing quickly. Institutional investors and ETF holders are also watching closely because outflows and new ETF launches can move large amounts of capital. Early backers of presale tokens like PEPENODE and holders of smaller altcoins could see outsized gains or losses if listings and launches go well or poorly.
Why does this matter?
This dip matters because it could clear weak hands and set the stage for a bigger rebound once ETF launches and buying return, potentially pushing Bitcoin back toward $110k–$150k and lifting ETH and XRP. ETF flows and renewed institutional buying would bring large, sustained inflows that can reprice the market and improve liquidity. At the same time, presale and small-cap tokens can amplify moves, so expect higher volatility and the need for active risk management.