The cryptocurrency market is in a correction phase, down about 13% from last week's peak. The main reason is the reaction to the Federal Reserve's decision to reduce interest rates by 0.25%.
- Bitcoin is down 3%, below $94,000, losing 13% from its record high of $108,000 on December 17. Ethereum has dropped even more, losing 20%, falling below $3,200.
- Altcoins are also down, averaging between 2% to 4%.
Despite the market volatility, blockchain technology and cryptocurrencies still offer many positive prospects for the future. 🚀
This week's economic events may have a slight impact on the cryptocurrency market.