XRP News Today: " Crypto's $1.1T Slide Exposes Hidden Fed Dependency "

Bitcoin, Ethereum, and XRP fell sharply in late November as fading hopes for Federal Reserve rate cuts and mounting liquidations pressured the crypto market. Major cryptocurrencies erased $1.1 trillion in value since Bitcoin's peak at $126,000, with XRP hitting a seven-day low of $2.17 amid volatile ETF-related activity. The sell-off coincided with $1 billion in liquidations across the sector, according to data from SoSoSo, as traders grappled with a broader market correction.

The decline in rate cut expectations intensified after the Bureau of Labor Statistics delayed its October jobs report due to a government shutdown, pushing the release to Dec. 16. Fed officials are now set to meet Dec. 9–10, with policymakers signaling a reduced likelihood of cutting interest rates in the near term. This uncertainty weighed on risk assets, with crypto prices falling alongside equities as investors shifted to safer holdings.

XRP's weekly drop of 15% drew attention as new spot ETFs began attracting institutional capital despite the selloff. The cryptocurrency's price stabilized above $2.15, maintaining a bullish setup for a potential rally to $2.40–$2.70, according to analyst Ali Martinez. Coin Bureau noted that XRP whales dumped 200 million tokens in the first 48 hours after ETF launches, exacerbating the decline. Meanwhile, the XRP ETF secured $243 million in net inflows by Nov. 14, with major issuers like Franklin Templeton and 21Shares preparing to list products in the coming months.

Nvidia's blowout Q3 earnings, reporting $57 billion in revenue and $31.9 billion in profits, briefly stabilized crypto and tech stocks. The chipmaker's strong guidance for Q4 eased fears of an AI-driven market bubble, lifting Bitcoin back above $90,000. Post-earnings trading saw Coinbase, MicroStrategy, and Circle Internet Group rebound after earlier losses. However, the broader correction continued, with Ethereum and XRP both down over 13% for the week.

Cipher Mining's recent $1.1 billion convertible note offering and its $830 million expansion of Fluidstack data center deal underscored the sector's infrastructure push. The company plans to use proceeds for HPC expansion and the Barber Lake facility, which now hosts 300 MW of capacity under a 10-year agreement. Google's $333 million backstop for Fluidstack's lease obligations highlighted institutional confidence in crypto infrastructure despite market volatility.

Regulatory developments also shaped the landscape. The SEC's enforcement actions dropped 30% under Chair Paul Atkins, with the agency shifting focus to establishing a "rational" framework for digital assets. Meanwhile, Brazil's new crypto regulations, classifying stablecoin transactions as foreign-exchange operations, signaled expanding oversight globally.

Bitget's $5 billion milestone in stock futures trading and Coinbase's DeFi Mullet rollout in Brazil illustrated ongoing innovation in tokenized assets. However, broader market jitters persisted, with Bitcoin and Ethereum struggling to regain momentum despite short-term rebounds.