Bitcoin, Ethereum, and XRP Prices Drop as Crypto Market Cap Tests $3 Trillion Support Level

The cryptocurrency market is experiencing a notable downturn, with leading digital assets Bitcoin (BTC), Ethereum (ETH), and XRP all recording losses. This collective slide is putting significant pressure on the total market capitalization, which is now testing a crucial support level around the $3 trillion mark. Analysts are closely monitoring this key threshold, as a sustained break below could signal further bearish momentum for the broader crypto sector. The price action reflects heightened market volatility and a period of testing for recent gains, with investors assessing macroeconomic factors and regulatory developments. The performance of these major cryptocurrencies is seen as a critical indicator for the overall health and direction of the digital asset market in the near term.