Crypto Price Today: Bitcoin drops below $25,000, XRP, Litecoin experience significant decline of over 6%

Cryptocurrency markets were hit by a sell-off, with Bitcoin falling 3.7% to $24,918, while Ethereum was below $1,650 following the US Federal Reserve’s hawkish comments. Other cryptocurrencies, such as XRP and Litecoin, also saw losses of over 6%. The global cryptocurrency market cap fell 3.24% in the last 24 hours, standing at around $1.02tn. The news of a possible interest rate rise from the Fed led investors to reduce riskier investments and move to safer assets.