#ChristmasMarketAnalysis
The cryptocurrency decline reflects reduced global liquidity, due to shrinking central bank balance sheets and volatile bond markets. Bitcoin, which is sensitive to liquidity, came under intense pressure as financial conditions tightened, leading to a sharp increase in outflows from the cryptocurrency market.
The cryptocurrency market reacted quickly after Powell's remarks, with Bitcoin down 7.2% and Ethereum down 10.7% in the past 24 hours, weekly losses exceeding 5% and 16% respectively. Altcoins like Solana and Dogecoin fell more sharply,
