What A $90,000 Bitcoin Dip Would Mean For Ethereum, XRP
Bitcoin (CRYPTO: BTC) has rebounded to $103,000, but a deeper correction could cause further downside for Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP).
Bitcoin Breakdown Threatens Market Liquidity
Bitcoin closed below the major EMA’s, confirming that short-term momentum has shifted fully to sellers.
If BTC price extends lower toward the psychological $90,000 level, the decline will likely trigger forced liquidations, draining liquidity from the broader cryptocurrency market.
In such scenarios, correlations rise sharply.
During October’s tariff-driven sell-off, the BTC-ETH correlation climbed from 0.69 to 0.73, while BTC-XRP moved from 0.75 to 0.77.
When panic sets in, markets trade as a single risk asset, with Bitcoin acting as the anchor that drags others lower.
What A $90,000 Bitcoin Means For Ethereum
ETH Price Action (Source: TradingView)
Ethereum …
About The Author
