Key reasons behind the cryptocurrency market downturn within the 24 hours:
🔘1. Impact of Federal Reserve Policy:
The U.S. Federal Reserve announced on December 18 that interest rate cuts in 2025 may be more limited than previously anticipated. This statement dampened investor sentiment toward high-risk assets like cryptocurrencies, leading to a market sell-off.
(Source: Bloomberg)
🔘2. Shift in Market Sentiment:
The hawkish stance from the Federal Reserve increased uncertainty in the financial markets. Investors moved toward safer assets, causing outflows from risky assets, including Bitcoin and other cryptocurrencies.
(Source: Reuters)
🔘3. Technical Correction:
After Bitcoin surpassed the $100,000 mark, it failed to maintain its upward momentum, triggering a price pullback. Such fluctuations are common in highly speculative markets and may have been driven by profit-taking and technical resistance levels.
(Source: XTB)
👁️🗨️Current Market Overview
Bitcoin’s (BTC) latest price is around $98,788, reflecting a 5.17% decline from the previous close. The intraday high was $104,170, while the low reached $96,907.
