Bitcoin, Ethereum, Solana Fall. Crypto Fears Persist After Sharp Selloff.

Crypto prices slumped on Monday after a buildup of excess leverage. (MLADEN ANTONOV/AFP via Getty Images)

Key Points

About This Summary

• Bitcoin was down 0.6% to $112,584, Ethereum slipped 0.8%, and Solana slumped 4.4%, while XRP gained 0.2%.
• Cryptocurrencies have not recovered from Monday’s losses, which followed excess leverage after a Federal Reserve rate cut.
• The market’s recovery depends on Bitcoin holding steady to prevent sales from short-term investors.

Bitcoin and other cryptocurrencies were sliding again Wednesday, with digital-asset investors still on edge after the biggest deleveraging event of 2025.

Bitcoin was down 0.6% to $112,584 over the past 24 hours. Ethereum slipped 0.8% and Solana slumped 4.4%, but XRP bucked the trend with a 0.2% gain.

Created with Highcharts 9.0.1Sources: CoinDesk (Bitcoin); Kraken (Ethereum,​Solana, XRP)

Created with Highcharts 9.0.1BitcoinXRPEthereumSolanaSept. 21Sept. 24-15.0-12.5-10.0-7.5-5.0-2.502.5%

The cryptos are yet to pare their losses from Monday’s washout, which reflected a buildup in excess leverage following last week’s Federal Reserve decision to cut interest rates by a quarter point.

When borrowing costs slide, safer investments such as bonds and cash offer weaker yields, incentivizing investors to load up on riskier assets like cryptos.

Crypto investors remain wary because the recovery of the market likely depends on Bitcoin holding steady from here.

If the world’s largest token continues to slump, that could spark a flurry of sales by shorter-term investors who tend to have much less tolerance for net losses than longtime crypto bulls.

Write to George Glover at george.glover@dowjones.com