🚀 Crypto Market Update: A Rough Ride for Bitcoin & Altcoins 🚀

- Crypto markets took a hit as Fed Chair Jerome Powell's comments dashed hopes for interest rate cuts next year, sparking a selloff.

- Bitcoin's (BTC) brief climb above $100,000 was short-lived, sliding to below $96,000, a 4.8% drop in 24 hours.

- Altcoins suffered more, with Ethereum (ETH) down 10.8% and others like ADA, LINK, and DOGE dropping 15%-20%.

- Nearly $1.2 billion in leveraged positions were liquidated, mostly long bets.

- Traditional markets also wobbled, with the S&P 500 and Nasdaq slightly up.

What are your thoughts on this market shake-up? Share in the comments! 📈