#CryptoMarketDip The cryptocurrency market has been affected, with Bitcoin dropping more than 5% in the last 24 hours to around $96,000, while Ethereum saw an 8% drop.¹ This drop also affected other major cryptocurrencies such as Solana and XRP, which fell by 7% and 5% respectively. The global cryptocurrency market cap fell by 6.01% to $3.37 trillion.²

The main reason for this decline appears to be the US job openings data released yesterday, which showed 8.1 million unfilled jobs at the end of November, exceeding expectations. This has led to concerns about inflation and the Federal Reserve’s potential decision to keep interest rates high for longer.

Here are some of the key takeaways from the market’s slide:

- *Major Liquidations*: Over $388 million in long and short positions were liquidated in the last 24 hours, with long positions accounting for the vast majority at $212 million.

- *Market Correction*: The cryptocurrency market has seen its biggest sell-off in nearly a month, with Bitcoin down more than 5% and Ethereum down about 8%.

Keep in mind that cryptocurrency market declines can provide opportunities for investors, but it’s important to do your research and consider your risk tolerance before making any investment decisions.