Crypto Market Update ๐จ๐ (Dec. 18, 2024):
๐ Fed Update:
๐ป Rate Cut: Fed lowers rates by 0.25% to 4.25%-4.50%.
๐ Slower Cuts Ahead: 2025 projection raised to 3.9% ๐.
๐ฅ Inflation Woes: Expectations climb to 2.5% for 2025.
๐ฐ Market Reaction:
#Bitcoin: $101K (-3.27%) ๐ฌ
#Altcoins: Feeling the heat! ๐ฅ
#XRP: -6.99%
#ADA: -4.98%
#LTC: -10% ๐จ
Stablecoins like USDT & USDC remain strong near $1 ๐ช.
๐ก Key Insights:
๐ฆ Tight financial conditions & a strong ๐ต dollar challenge #crypto markets.
๐ On-chain data shows fewer BTC on exchanges, signaling supply tightening.
Will #Bitcoin bounce back? ๐ Let us know your thoughts! ๐
#CryptoNews #BTC #AltcoinSeason #Binance #CryptoUpdate
