As far as I know, major central banks have never supported cryptocurrencies and will never support them. This contradicts the principles of how central banks operate.

🔴Bitcoin started to fall amid negative comments from Fed Chair Jerome Powell regarding the establishment of a BTC reserve in the U.S. According to him, under current conditions, the regulator cannot organize the storage of cryptocurrency and is not striving for it, as implementing the project would require changes to existing legislation.
🔴On the evening of December 18, Bitcoin began to decline. BTC failed to hold the $100,000 level. At one point, Bitcoin dropped to $98,800. After that, the coin began to recover.
🔴The initiative to form a Bitcoin reserve in the U.S. was proposed by the winner of the 2024 presidential election, Donald Trump. The Fed's hints that the initiative is unlikely to be realized are, on the contrary, a bearish signal.
🔴The Fed has lowered its rate for the third consecutive time. This time, it was reduced by 25 basis points to a level of 4.25–4.5% per annum.
🔴For the cryptocurrency market, the reduction of the Fed's key interest rate is positive news, as changes increase the attractiveness of high-risk assets. At the same time, Powell's hints that the regulator's movement towards lowering the rate will not be as sharp negatively affected investor sentiment.



#MarketCorrectionBuyOrHODL