#CryptoMarketDip

Why Bitcoin Price Dropped More Than 5% From $102,000 to $96,200 has fallen more than 5% since hitting a high above $102,000 on Monday. The drop sent Bitcoin prices to a low of around $96,200, and the asset has struggled to recover, remaining near that level for hours after the drop.

The correction marks a challenging start to 2025, as markets react to rising U.S. job numbers and the Federal Reserve’s stance on interest rate policy. The report from the Jobs and Labor Change Program (JOLTS) showed that the number of jobs increased to 8.1 million in November, compared to an upwardly revised 7.8 million in October.

The strong labor market has reduced expectations for monetary policy easing, suggesting that the possibility of cutting interest rates is no longer an urgent priority. This is also in line with the forecast from the CME FedWatch tool, which has a 95% chance that the Fed will keep interest rates unchanged at its meeting on January 29.

The decline has not only affected Bitcoin but also spread to other major digital assets. Ethereum is down 8.6%, XRP is down 4.4%, Solana is down 8.5%, and Dogecoin is down 12% in the past 24 hours. The Pudgy Penguins token recorded the biggest decline, with a drop of up to 12.3%.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should research carefully before making any decisions. We are not responsible for your investment decisions.