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Why Crypto Market is Down Today? Altcoins Crash After Massive Profit-Taking $SOL$DOGE $ADA Major altcoins like Dogecoin, Cardano, and Solana have dropped over 5% in the past 24 hours as investors chose to lock in recent gains. The broader sentiment remains cautious as traders await fresh catalysts.   Profit-Taking Hits Major Altcoins The latest dip in …

May 15, 2025 $LTC is the most decentralized, fungible, longest running Crypto with 100% uptime, merge mined with $DOGE since 2014. To this day, @elonmusk has never posted about @litecoin I’ll post this everyday until he does.

#Dogecoin aligns with this indicator, signaling a massive pump is incoming 🔥 The $Doge rise will be swift and rapid 🚀

Bitcoin’s price ascent was stopped once again at $104,000 yesterday and the asset is down by over two grand since then, going toward a key support line. The altcoins have turned red, with massive price drops from the likes of XRP, SOL, DOGE, ADA, SUI, AVAX, and many others. The primary cryptocurrency surged in an impressive manner last week when reports emerged that the US and China will meet over the weekend to discuss a trade deal. This led to a massive price pump that saw BTC reclaim the coveted $100,000 last Thursday and kept climbing to $104,000 during the weekend. When both economic giants announced a tariff pause for 90 days on Monday, bitcoin jumped to a new multi-month peak of almost $106,000 . However, it couldn’t breach that level and dumped below $101,000 almost immediately. The bulls managed to intervene and kept the asset within a six-digit territory. Moreover, BTC jumped to $105,000, where it faced another rejection. As of now, the cryptocurrency struggles to remain above $102,000 after a 2% daily decline, even though the overall landscape remains bullish . According to Ali Martinez, BTC is on its way down toward a key resistance level of $101,600. A breakdown below that level could result in dumping back into five-digit price territory. Its market capitalization has declined to $2.020 trillion on CG, while its dominance over the alts has increased slightly to 59.6%. The altcoin space has bled out heavily on a daily scale. Ethereum was stopped above $2,700 and has plunged to $2,530 after a 3.2% daily drop. XRP, SOL, DOGE, ADA, SUI, LINK, and XLM have marked even more significant price declines of up to 7-8%, while AVAX has plunged by almost 9%. Nevertheless, PI leads the adverse trend with a spectacular 27% nosedive after the recent ecosystem announcement . The total crypto market cap has shed around $100 billion daily and is down to $3.4 trillion on CG.

Flare rolls out an alternative way to give XRP DeFi capabilities, without the risks of traditional blockchain bridges. Flare (FLARE) has launched a major upgrade that will enable traders to use real XRP (XRP) tokens in DeFi. On Wednesday, May 14, Flare launched its FAssets on Songbird, bringing non-smart contract assets to DeFi, according to a note shared with crypto.news. The network will allow users to perform complex DeFi operations with assets such as Bitcoin ( BTC ) and Dogecoin ( DOGE ). The first asset that will be available on the platform is XRP, as its associated Core Vault is now available on the XRP Ledger. Core Vaults are a mechanism that links assets such as Bitcoin or XRP to smart contract platforms, without requiring users to give up custody over their assets. Once the collateral is locked up in these non-custodial Vaults, the smart contract automatically issues equivalent tokens such as FXRP. “This upgrade is ultimately about giving XRP real utility. XRP is the third-largest crypto asset, excluding Tether—it’s a vast asset. It would be idiotic for us not to build a protocol that serves it. FXRP isn’t just a wrapper—it’s how XRP becomes usable in a composable DeFi world” Hugo Philion, Co-founder and CEO of Flare. With this upgrade, users will be able to use XRP in DeFi operations, including lending, borrowing, yield farming, and staking. The key difference between Flare’s FXRP and similar bridged assets is in the custody and security. Previously, bridged assets have been a major source of security risks in the past. Because users have to give custody over their assets to a third party, cross-chain bridges were prone to exploits and rug pulls. According to a report by Chainalysis, cross-chain bridges accounted for over $1 billion in losses due to security breaches in 2022. Due to the custody issue, as well as the technical complexity involved, bridges accounted for 70% of all the losses in the crypto space.