#MarketRebound The cryptocurrency market has experienced significant volatility recently, with notable fluctuations in major digital assets.
Bitcoin (BTC) reached an all-time high of over $108,000 earlier this month but has since declined below $100,000, influenced by the Federal Reserve's hawkish stance on interest rates.
Ethereum (ETH) has also mirrored Bitcoin's movements, experiencing a surge followed by a pullback.
Other cryptocurrencies, such as Dogecoin, have faced even steeper declines; for instance, Dogecoin fell by 25% last week following the Federal Reserve's latest meeting.
Despite these downturns, some analysts remain optimistic about the long-term prospects of cryptocurrencies, citing factors like increased institutional adoption and potential regulatory clarity under the incoming U.S. administration.
However, the market remains highly volatile, and investors should exercise caution.