What happened with crypto market today ?
The crypto market experienced a significant decline today, January 7th, 2025.
Key Factors:
1.Federal Reserve's Decision: The primary driver was the Federal Reserve's monetary policy announcement. While they cut interest rates, they signaled a slower pace of future cuts than previously anticipated. This hawkish stance dampened investor sentiment towards risk assets like cryptocurrencies.
2. Profit-Taking: Bitcoin had recently reached a new all-time high, leading to profit-taking by investors who had ridden the wave of gains.
Price Impact:
Bitcoin's $BTC price dropped by more than 7%, falling to $97000.
saw a 7.36% decline, dropping to $3420.
What can be done now ?
This is the golden opportunity to buy the dip 🪙 . No one knows whether we can again get this chance twice or not ?
Investors can invest in the most trusted crypto currencies right now like Bitcoin 🪙 , Ethereum , ADA , XRP .
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