$BTC
The cryptocurrency market has recently experienced a notable downturn, with several major digital assets experiencing declines.
This decline is part of a broader market correction that began on January 7, 2025, when Bitcoin fell below the $100,000 mark. The downturn has been attributed to stronger-than-expected U.S. economic data, which has reduced the likelihood of Federal Reserve interest rate cuts. Lower interest rates generally benefit risk-on assets like Bitcoin by increasing available investment capital and making bond yields less attractive. However, current economic conditions suggest that rate cuts may slow due to persistent inflation pressures.
Other cryptocurrencies have mirrored Bitcoin's decline. Ethereum (ETH) has seen a decrease of approximately 1.07%, with its price currently at $3,321.17.
BNB (BNB) is trading at $696.17, showing a marginal increase of 0.033%.
XRP (XRP) has risen by 1.29% to $2.35.
Cardano (ADA) has declined by 5.86% to $0.936.
The overall global crypto market capitalization has decreased by 6.41%, falling from $3.59 trillion to $3.36 trillion, reflecting widespread losses across the sector.
Analysts suggest that the market's future trajectory may be influenced by forthcoming U.S. policies. President-elect
