What a day for the crypto crash today. I saw Bitcoin drop to 66.77K, Ethereum hit 2.06K, and XRP plummet to 1.32. Solana, Dogecoin, and BNB followed the same downward trend, respectively falling to 79.58, 0.09, and 586.20. Cardano also gave way to 0.24.

Tensions rose when I noticed a major company moved over 2 billion satoshis to an exchange platform, just before the Fed announcement. The strange timing sparked speculation about what they were expecting for today’s FOMC.

Traders are nervous because today’s crypto crash follows a pattern: Bitcoin has fallen after six of the last seven Fed meetings. On average, it lost 0.70% in the 48 hours afterward. The only time it performed well was in May with a 6.1% rebound.

Technically, the outlook is grim. Bitcoin failed to hold the support at 93K, triggering automatic sell-offs. We are now in a critical zone. If the Fed speaks aggressively, volatility could spike in any direction.

Additionally, markets have cut their interest rate cut forecasts for 2026 from four to just two. A stronger dollar means direct pressure on cryptocurrencies.

For XRP, the situation worsened also due to the stablecoin RLUSD, which saw trading volume collapse by 60% to 2.8 billion in the last 30 days. Active addresses have decreased by 28%, even though circulating supply increased by 23% to 1.3 billion. Most of it is ending up on Ethereum rather than the native network. This weakens demand for XRP as a bridge asset, although some say users are just shifting between different blockchains.