#IsraelIranConflict #BinanceHODLerHOME #MarketPullback Why Is Crypto Going Down Today? Bitcoin, Ethereum, Dogecoin and XRP Prices Fall After CPI Read
A slightly cooler-than-expected U.S. inflation reading initially boosted cryptocurrency prices but ultimately led to a market correction.
In effect, the cryptocurrency market continues to navigate turbulent waters in June 2025, with major digital assets experiencing significant price movements amid shifting macroeconomic conditions. Bitcoin price fluctuations, Ethereum price volatility, XRP price corrections, and Dogecoin price swings have captured retail traders' attention as they seek to understand the underlying factors driving these market dynamics.
Why is crypto down? This article explores the key factors behind the recent market decline, while also presenting the latest expert price predictions and insights from a technical analysis.
Bitcoin Price Falls Today, Weighing on Ethereum, XRP and Dogecoin
The crypto landscape has shown mixed signals during the last 24-hour window. Bitcoin price initially surged above $110,000 following cooler-than-expected U.S. Consumer Price Index (CPI) data, but subsequently retreated to close at $106,687, marking a 1.4% decline. The flagship cryptocurrency continues trading around $107,634 as of Thursday, maintaining its position as the market leader despite ongoing volatility.
Ethereum price action has been similar, with ETH testing the $2,878 level on Wednesday, its highest point in several months, before closing 1.6% lower at $2,720. The second-largest cryptocurrency by market capitalization is currently trading near $2,750, representing a 0.8% decline as it struggles to maintain momentum above key resistance levels.
