#CryptoMarketDip https://vt.tiktok.com/ZS6aqmo44/
Today, you can see that Bitcoin has dropped sharply, with the price falling more than 5%, due to pressure from macroeconomic factors. Although Bitcoin had previously risen to over $102,000, it has decreased by 5.7% in the last 24 hours due to rising U.S. bond yields and investor caution ahead of important economic information coming up.
The increase in bond yields has raised expectations for a tighter monetary policy from the U.S. Federal Reserve (Fed), with plans to only cut interest rates twice in 2025. Investors are awaiting the minutes of the Fed's meeting, which will be released on January 8, for more information.
Reports from the U.S. Labor Department show that the number of job openings has reached a six-month high, which may reinforce expectations that the Fed will continue to tighten monetary policy. Capital inflows into Bitcoin ETF funds only reached $52.9 million, down 94% from $987 million the previous day.
That’s the information; holding still means holding, guys!