Bitcoin, Ethereum, and XRP Tumble. Why Cryptos Are Slumping Today.
1. Bitcoin dropped 2.5% to $112,965 after Fed rate cut. 2. Excess leverage led to selloff in cryptocurrencies, impacting MSTR. 3. MicroStrategy's stock fell 2.9% amid the broader market downturn. 4. Speculation after the rate cut triggered liquidations among investors. 5. Federal Reserve labeled rate cut as a cautious risk-management decision.