---
title: "Why is Crypto Crashing Hard Today? BTC, ETH and XRP Fall 5%"
url: https://thecoingazette.com/why-is-crypto-crashing-hard-today-btc-eth-and-xrp-fall-5/
date: 2026-06-23
modified: 2026-06-23
author: "Coin Gazette Editorial"
description: "The post Why is Crypto Crashing Hard Today? BTC, ETH and XRP Fall 5% appeared first on Coinpedia Fintech News Crypto markets are in freefall on Monday, and for once..."
categories:
  - "Bitcoin"
  - "Crypto News"
  - "Ethereum"
  - "News"
tags:
  - "Bitcoin"
  - "Crypto News"
  - "ethereum"
  - "News"
  - "Ripple (XRP)"
image: https://thecoingazette.com/wp-content/uploads/2026/06/why-is-crypto-crashing-hard-today-btc-eth-and-xrp-fall-5.webp
word_count: 76
---

# Why is Crypto Crashing Hard Today? BTC, ETH and XRP Fall 5%

![A central 3D silver and blue XRP token logo flanked by smaller Bitcoin and Ethereum coins, all floating above a dynamic blue tech background with rising market line graphs.](https://image.coinpedia.org/wp-content/uploads/2026/05/19170017/XRP-Outshines-Bitcoin-and-Ethereum-as-Institutional-Inflows-Surge%E2%80%94Will-This-Fuel-the-Next-Price-Rally-1-1024x536.webp)The post [Why is Crypto Crashing Hard Today? BTC, ETH and XRP Fall 5%](https://coinpedia.org/news/why-is-crypto-crashing-hard-today-btc-eth-and-xrp-fall-5/) appeared first on [Coinpedia Fintech News](https://coinpedia.org)

Crypto markets are in freefall on Monday, and for once the selling has nothing to do with anything specific to digital assets. Bitcoin fell to $62,400, down 4% on the day, Ethereum dropped 5.45% to $1,657 and XRP slid 4.36% to $1.09.  The total crypto market cap shed nearly $86 billion in 24 hours to …