#CryptoMarketDip The crypto market has taken a hit, with Bitcoin's price dropping over 4% in the last 24 hours to around $97,000, and Ethereum experiencing an 8% dip.¹ This downturn has also affected other major cryptocurrencies like Solana and XRP, which dropped by 7% and 5%, respectively. The global crypto market cap has decreased by 6.01% to $3.37 trillion.²

The main culprit behind this dip seems to be the U.S. job openings data released yesterday, which showed 8.1 million job openings at the end of November, exceeding expectations. This has led to concerns about inflation and the Federal Reserve's potential decision to keep interest rates high for longer.

Here are some key takeaways from the market dip:

- *Major Liquidations*: Over $388 million worth of long and short positions were liquidated in the last 24 hours, with long positions making up the vast majority at $212 million.

- *Market Correction*: The crypto market experienced its largest sell-off in nearly a month, with Bitcoin dropping over 5% and Ethereum falling around 8%.

- *Job Market Impact*: The U.S. job openings data has signaled a stronger labor market, which could lead to higher interest rates and a further crypto market downturn.

Keep in mind that crypto market dips can provide opportunities for investors, but it's essential to do your research and consider your risk tolerance before making any investment decisions.³