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Crypto is having a tough week The price of the digital token was hurt by the Federal Reserve’s Wednesday comments indicating fewer interest-rate cuts in 2025, which have dampened the mood for the equity market as well. The latest key measure of inflation, the personal-consumption expenditures price index came in below expectations on Friday, rising at a monthly pace of 0.1% in November. While that is a slower price progression than the 0.2% economists polled by FactSet had predicted, the annual rate is still at 2.4%—above the Fed’s target of 2%. $BTC
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Navigating the Dips
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$BTC What a huge outflow
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#BTCNextMove Bitcoin Price Drops 14% - The US Federal Reserve’s decision to have two rate cuts in 2025 as opposed to the expected four is the main driver of Bitcoin price’s recent collapse. On December 17, BTC’s value set up an ATH of $108,353, but closed the daily candlestick with a doji. A doji is a candlestick pattern with negligible or no body and long wick. Such technical formation often hints at trend exhaustion. Since ATH, Bitcoin has shed 14% and seems to be setting up a daily low of $92,232 as of Friday.
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$BNB BNB’s price today is US$715.47, with a 24-hour trading volume of $2.18 B. BNB is +0.31% in the last 24 hours. It is currently -2.22% from its 7-day all-time high of $731.74, and 9.98% from its 7-day all-time low of $650.52. BNB has a circulating supply of 144.01 M BNB and a max supply of 200 M BNB.
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