"Fed Warning Triggers $100 Billion Crypto ETF Price Crash, Impacting Ethereum, XRP, and Solana"

The price of Bitcoin and other cryptocurrencies, including Ethereum and XRP, has dropped almost 10% over the last 24 hours, wiping around $100 billion from the combined crypto market following a surge in the bitcoin spot exchange-traded fund (ETF). Legendary bitcoin and crypto trader Arthur Hayes warned of a potential 30% bitcoin price crash due to a "dollar liquidity rug pull," but expects a quick rebound as the Federal Reserve restarts its money printer. The 2022 bitcoin price crash, wiping $2 trillion from the market, was attributed to the Federal Reserve's response to soaring inflation. Despite the recent dip, the bitcoin price remains up around 150% since last year, and the approval of spot bitcoin ETFs is expected to have a shallow impact in the near term.