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🩸 Investors are afraid of a fall like never before!
The cryptocurrency market is currently experiencing its biggest drop of 2024, causing record fear, uncertainty, and doubt among traders. Many are afraid of a further collapse in prices.
The crypto market fell amid the Fed's statements about continuing the fight against inflation, disappointing investors who expected a quick rate cut. The fall could also be due to profit-taking before the end of the year, especially after BTC has grown by more than 125% in a year.
Next week, selling pressure is likely to ease due to the lack of significant macroeconomic events, and Christmas week is traditionally considered positive for cryptocurrencies.