The crypto market is trading well in the red on Thursday, with all but Tron, the top 10 coins by market cap, shedding profits they had made during the week. Leading coins BTC, ETH, XRP, and SOL have all lost more than 1.5% in the last 24 hours amid a market bloodbath that wiped 1.7% off the total market cap, according to Coingecko data. However, traders seemingly chose to cash out their winnings, leaving the top coin by market cap in free fall. The fifth-largest coin by market cap, XRP, is also moving toward $1.88, but a resistance wall has been set at the $1.92 to $1.94 range. “The reason is that monetary policy can be used, you know, through an election cycle to affect the economy in a way that will be politically worthwhile.