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Crypto market bleeds following hawkish rate cut decision by Fed The Federal Reserve announced a hawkish decision to cut interest rates twice in 2025. XRP, Solana and Dogecoin registered losses of nearly 10%. The crypto market has seen nearly $700 million in liquidations in the past 24 hours. The Federal Reserve (Fed) cut interest rate on Wednesday by 25bps, lowering the federal funds rate to the 4.25% to 4.50% range following the December meeting. The decision to cut rates by 25 basis points matched expectations from market participants. However, the crypto market declined following the Fed's decision. This is because the market reaction may not be tied to the rate cut decision for December but the outlook for 2025. #MarketCorrectionBuyOrHODL?
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Ether $ETH extended its two-day losses, dipping as low as $3,800 on Dec. 18, marking 4% losses over the last 24 hours. #etherreum #ETH🔥🔥🔥🔥
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Today’s crypto market decline is part of a correction that started during the late New York trading hours on Dec. 15 when $BTC tumbled from an all-time high of $108,364 reached on Dec. 17 on Bitstamp. BTC price dropped as much as 5% to an intra-day low of $103,173 on Dec. 18. The decline in BTC triggered panic selling among crypto investors, with cryptocurrencies dropping across the board.
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WILL $XRP MADE IT TO $3 BEFORE 2025?
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Altcoin market updates: XRP, $BNB advance as traders bet on third consecutive Fed rate cut As the geopolitical crisis surrounding the fall of the Assad regime in Syria tapered off this week, dovish figures on the latest US CPI data raised investor optimism across the crypto market. Bitcoin price held firm above the $100,000 level, Ripple (XRP) cleared the $2.40 resistance, while resurgent trading activity saw Binance Coin (BNB) break past the $725 level on Friday.
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