[LIVE] Crypto News Today, October 14 — Why Is Crypto Crashing Today? Whales Short Bitcoin as Market Awaits Powell: Next Crypto to Explode?

The crypto market turned red on Tuesday as traders reduced exposure ahead of Federal Reserve Chair Jerome Powell’s upcoming policy speech. Bitcoin

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Bitcoin
BTC

$112,095.48

0.84%

Bitcoin
BTC

Price

$112,095.48

0.84% /24h

Volume in 24h

$68.78B
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slid below $112,000, last trading near $111,856, down 3% over the day. The global crypto market cap dropped 3.2% to $3.8 trillion, signaling renewed caution after a short-lived rebound. But it’s also the perfect environment for selected crypto to explode next as traders are eager to find profitable investments.

Ethereum

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Ethereum
ETH

$4,003.48

1.14%

Ethereum
ETH

Price

$4,003.48

1.14% /24h

Volume in 24h

$45.28B
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lost 4% to $4,012,

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BNB
BNB

$1,202.46

1.13%

BNB
BNB

Price

$1,202.46

1.13% /24h

Volume in 24h

$8.73B
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plunged 10% to $1,205, and

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XRP
XRP

$2.47

1.73%

XRP
XRP

Price

$2.47

1.73% /24h

Volume in 24h

$7.35B
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fell 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 on the pace of future rate cuts.

Fedwatch rate cuts possibility — **(Source: FedWatch)**

At that meeting, the Fed cut rates by 0.25% to a range of 4.00%–4.25%, but opinions were split over whether further easing is needed this year. Powell has since stressed that decisions will depend on incoming data — a challenge made harder by the ongoing U.S. government shutdown, which has halted several key economic reports.

With no new data on jobs or inflation, Powell’s speech may provide crucial clues on how the central bank plans to steer policy amid uncertainty.

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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 suggest emerging weakness. If Powell focuses on employment risks, traders may expect more rate cuts: a scenario that could stabilize crypto prices. A stronger focus on inflation, however, could signal a pause in easing and keep digital assets under pressure.

Markets are watching closely for any signal on interest-rate direction that could sway risk sentiment.

On-chain data shows heavy short activity by large traders. Whale 0x9eec9, with $31.8 million in realized profit, now holds $98 million in shorts across DOGE, ETH, PEPE, XRP, and ASTER. Another, 0x9263, with $13.2 million profit, has $84 million in short positions on SOL and BTC.

Besides the #BitcoinOG who made over $160M shorting $BTC and $ETH during the crash, two other whales with significant profits on #Hyperliquid are also heavily shorting the market.

Whale 0x9eec9 — with $31.8M in profit — currently holds $98M in shorts across $DOGE, $ETH, $PEPE,… pic.twitter.com/qZfJIbO6ba

— Lookonchain (@lookonchain) October 14, 2025

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Next Crypto to Explode During This Dip? Stablecoin Market Hits $310 Billion Market Cap

While sentiment is cautious, corrections like this often set the stage for the next breakout phase. Traders are scanning for assets showing resilience — coins with strong liquidity, healthy on-chain activity, or large stablecoin inflows.

The stablecoin market, now at a record $310.7 billion, indicates significant buying power sitting on the sidelines. If Powell’s tone eases or Bitcoin stabilizes above key support, capital could rotate quickly into undervalued altcoins. Historically, such conditions precede sharp rebounds, meaning the next crypto to explode could emerge soon once macro pressure subsides.

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The post [LIVE] Crypto News Today, October 14 — Why Is Crypto Crashing Today? Whales Short Bitcoin as Market Awaits Powell: Next Crypto to Explode? appeared first on 99Bitcoins.

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