I've noticed that the question many are asking today is why cryptocurrencies are falling, following these sharp movements. Just yesterday, the market experienced strong pressure with the total capitalization dropping by about 3% and over $55 million in long positions liquidated in a few hours. Bitcoin hit $67,400, while Ethereum fell to $2,060, along with XRP, Solana, and Cardano, which are following the same downward trend.

What stands out is that the reason why cryptocurrencies are falling today also seems related to outflows from institutional products — US spot ETFs have seen nearly $3 billion in withdrawals over the past two weeks. The fear index remains at 17, in extreme fear territory. Interestingly, while cryptocurrencies are struggling, gold has gained 11% and silver nearly 20% — classic safe-haven assets are attracting capital.

The question now is what will happen next. Analysts say that the reason cryptocurrencies are falling today could continue if no new catalysts emerge before the next Federal Reserve meeting. Ethereum remains the focus — if it holds the critical support, it could be the first to recover when sentiment shifts.