The cryptocurrency market turned red on Tuesday as traders reduced their exposure to Federal Reserve Chairman Jerome Powell’s upcoming policy speech. Bitcoin
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Bitcoin
0.84%
Bitcoin
Bitcoin
price
$112,095.48
0.84%/24 hours
Volume in 24 hours
$68.78 billion
The price is 7 D
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It fell below $112,000, last trading near $111,856, down 3% on the day. The global market value of cryptocurrencies fell 3.2% to $3.8 trillion, signaling renewed caution after a short-lived rebound. But it is also the perfect environment for the next identified cryptocurrencies to flourish as traders are eager to find profitable investments.
Ethereum
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Ethereum
1.14%
Ethereum
Ethereum
price
$4,003.48
1.14% /24 hours
Volume in 24 hours
$45.28 billion
The price is 7 D
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Lost 4% to $4,012,
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BNB Bank
1.13%
BNB Bank
BNB Bank
price
$1,202.46
1.13% /24 hours
Volume in 24 hours
$8.73 billion
The price is 7 D
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It fell 10% to $1,205
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XRP
1.73%
XRP
XRP
price
$2.47
1.73% /24 hours
Volume in 24 hours
$7.35 billion
The price is 7 D
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It fell by 5.5% to $2.47. The declines came as markets awaited Powell’s remarks before the National Association for Business Economics (NABE) in Philadelphia, scheduled for 12:20 p.m. ET.
His comments will mark his first major public appearance since the Fed’s September policy meeting, which revealed deep divisions among officials over the pace of future interest rate cuts.
At that meeting, the Fed cut interest rates by 0.25% to a range of 4.00% to 4.25%, but opinions were divided on whether further easing was needed this year. Powell has since stressed that decisions will depend on incoming data — a challenge made more difficult by the ongoing US government shutdown, which has halted several major economic reports.
With no new data on jobs or inflation, Powell’s speech may provide important clues about how the central bank plans to guide policy amid the uncertainty.
Discover: 10+ Next Cryptocurrencies to 100X in 2025
Markets are also watching how Powell balances the Fed’s dual mandate of full employment and price stability. Inflation has remained above 2% for nearly five years, while labor data point to emerging weakness. If Powell focuses on employment risks, traders may expect further interest rate cuts: a scenario that could stabilize cryptocurrency prices. However, a stronger focus on inflation could signal a pause in easing and keep digital assets under pressure.
Markets are closely monitoring any signal about interest rate direction that could impact risk sentiment.
On-chain data shows heavy short activity by large traders. Whale 0x9eec9, with $31.8 million in realized profits, now has $98 million in short positions across DOGE, ETH, PEPE, XRP, and ASTER. Another company, 0x9263, with a profit of $13.2 million, has $84 million in short positions on SOL and BTC.
Besides #BitcoinOG Which netted more than $160 million short $ Bitcoin and $ Ethereum During the incident, two other whales made big profits #Excess fluid They are also heavily short selling the market.
Whale 0x9eec9 – with earnings of $31.8 million – currently has $98 million in shorts across $dawg, $ Ethereum, $baby,… pic.twitter.com/qZfJIbO6ba
– Loconchain (@loconchain) October 14, 2025
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The next cryptocurrencies that could explode during this decline? The stablecoin market reaches $310 billion in market capitalization
While sentiment is cautious, such corrections often set the stage for the next breakout phase. Traders look for assets that show resilience – coins with strong liquidity, healthy on-chain activity, or large stablecoin inflows.
The stablecoin market, now at a record high of $310.7 billion, indicates significant purchasing power sitting on the sidelines. If Powell’s tone declines or Bitcoin stabilizes above key support, capital could quickly shift to undervalued altcoins. Historically, such conditions are preceded by sharp rebounds, meaning that the next cryptocurrency to explode may soon emerge once the overall pressure subsides.
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this post [LIVE] Cryptocurrency News Today, October 14 – Why are cryptocurrencies collapsing today? Whales Sell Bitcoin Short as Market Waits for Powell: Will the Next Cryptocurrency Explode? appeared first on 99Bitcoins.