What is the condition of the crypto market today?
As of December 24, 2024, the cryptocurrency market is experiencing notable fluctuations. Bitcoin (BTC) has declined by approximately 7% over the past week, currently trading around $94,079. Ethereum (ETH) has shown resilience, with a 4% increase, reaching approximately $3,405. BNB and XRP have also seen gains, rising by 5% and 3% respectively. These movements are influenced by the Federal Reserve's recent indications of a cautious approach to interest rate cuts in 2025, impacting investor sentiment. Additionally, President-elect Donald Trump's pro-crypto stance, including the proposal of a Bitcoin Strategic Reserve, is contributing to market dynamics.
