Bitcoin's price fell sharply after the Fed cut interest rates by an additional 0.25% on Wednesday. The asset dropped by up to 15% at one point and decreased by 3.5% over the 30 days ending on December 24. Not only Bitcoin, but technology stocks on the NASDAQ also fell by 3% in the last five trading days on Wall Street.

However, there may be a "Santa Claus" rally at the end of the year. Historical data shows that U.S. stocks typically rise by an average of 1.3% during this period. For cryptocurrencies, this rally is often more pronounced, but it can also come with a greater risk of decline. 📉🎄