Markets· August 16, 2026 at 09:45 p.m.
Major Cryptocurrencies Plunge: Bitcoin, XRP, Ethereum, and Solana Drop Significantly in 2026
Key takeaways
- Bitcoin has lost 29% since January
- Ethereum is down 37%
- Solana has dropped 39.60%
- XRP is the worst performer, down 47%
The odds for a Federal Reserve rate hike at its September meeting have moved in crypto's favor since July, with the chance falling from above 75% to 32%. However, institutional buyers have yet to return, and inflows in August have only recovered $463.83 million of the net $4.83 billion withdrawn from Bitcoin ETFs across 2026.
