🚨 $XRP Sinks 5% to Lead Crypto Losses as Strong Dollar Rattles Bitcoin Bulls
On December 30, 2024, XRP led a decline in the cryptocurrency market, sinking over 5% as a stronger U.S. dollar negatively impacted Bitcoin and other digital assets. The overall market capitalization dropped by 3%, with Bitcoin prices also sliding nearly 4% this month.
The strength of the dollar, influenced by upcoming economic policies from President-elect Donald Trump, has made traditional investments like U.S. Treasuries more attractive, dampening demand for cryptocurrencies. Despite this downturn, some analysts remain optimistic about long-term crypto policies potentially benefiting the market, suggesting that Bitcoin may decouple from macroeconomic factors in the future.
