🛡️The crypto market began to decline after statements from the Federal Reserve about continuing the fight against inflation. Investors were expecting a faster rate cut, but the regulator hinted at a pause.
💲This caused a mass outflow of funds from BTC-ETF, reaching a record $680 million in a day.
📉The market decline may also have been triggered by seasonal profit-taking before the end of the calendar year.
🪙BTC has increased in price by more than 125% over the year, which may have prompted early investors to secure profits.
📈It is likely that next week the pressure from sellers will ease due to the lack of significant macroeconomic events. Christmas week is usually also positive for cryptocurrencies.