Crypto Markets Experience Dramatic Crash
The cryptocurrency markets have experienced a significant downturn following an epic rally, with Bitcoin's value plummeting below the $100,000 mark. According to Fortune (https://fortune.com/crypto/2024/12/20/bitcoin-crypto-prices-crash-federal-reserve-donald-trump), this crash comes after what was described as an "epic rally" in the crypto space. The decline has been attributed to various factors including market volatility and regulatory uncertainties.
Bitcoin Price Reversal Amid Rising Treasury Yields
A recent report from Investor's Business Daily (https://www.investors.com/news/bitcoin-price-reversal-treasury-yields-fed-trump-strategic-reserve/) highlights how Bitcoin prices reversed sharply due to rising treasury yields and Federal Reserve actions. After reaching record highs fueled by Donald Trump's election victory, Bitcoin saw a sharp reversal triggered by economic indicators such as the 10-year Treasury yield spike. This development underscores Bitcoin’s sensitivity to macroeconomic changes.
Overall Crypto Market Correction Led by Major Coins
DailyCoin (https://dailycoin.com/bitcoin-drops-bringing-overall-crypto-market-correction/) reports that major cryptocurrencies like Dogecoin, Solana, Cardano, and Ethereum led losses amid a broader market correction influenced by the Federal Reserve’s latest economic outlook. Despite these setbacks, some analysts view corrections during bull markets as healthy opportunities for investors looking for entry points at lower price levels.
El Salvador Adjusts Policy Under IMF Pressure
An article on Coinpedia Fintech News (https://coinpedia.org/news/why-crypto-market-is-down-today-bitcoin-below-95000) discusses El Salvador's agreement with the International Monetary Fund which required policy adjustments regarding its use of Bitcoin as legal tender. This move is believed to be one of several contributing factors behind recent declines in Bitcoin prices alongside technical signals indicating potential corrections.
The Fed Casts Shadow Over Cryptocurrency Prices
The hawkish stance taken by Federal Reserve Chair Jerome Powell has cast uncertainty over digital assets according to DLNews (https://www.dlnews.com/articles/markets/fed-looms-like-grinch-over-bitcoin-ethereum-and-xrp). As liquidity thins out towards year-end holidays amidst fears surrounding US government shutdown risks coupled with aggressive monetary policies anticipated next year; traders remain cautious about future movements within both traditional stock indices and cryptos alike, despite brief rebounds observed post initial sell-offs earlier last week across multiple platforms globally impacting valuations significantly.
Sources:
- Crypto markets crash after epic rally, sending Bitcoin back below $100,000
- Bitcoin Price Reverses From Trump-Fueled Record After Treasury Yields Jump
- Bitcoin Drops, Bringing Overall Crypto Market Correction
- Why Crypto Market is Down Today? Bitcoin below $95,000
- The Fed looms like Grinch over Bitcoin, Ethereum, and XRP
- Crypto News Today (Dec 20, 2024): Bitcoin Falls to $96k as Market Stumbles
- Ethereum Price Forecast: ETH shows signs of recovery as bulls step in to quench US investors selling pressure
- Will Dogecoin Reach $1? Crypto Volatility Returns as Bitcoin and Ethereum Slide
- Analyst Justin Bennett Says Ethereum-Based Altcoin Could Explode by Over 600%, Updates Outlook on Solana
- Can Ripple (XRP) Flip Both Ethereum (ETH) and Bitcoin (BTC) to Become the Largest Cryptocurrency? |
- Lightchain AI’s Technological Innovations Could Surpass Ethereum (ETH) and Solana (SOL) | Bitcoinist.com
- Bitcoin Is Great, but Here Are 3 Altcoins Worth Considering in 2025
- Anthony Scaramucci: Bitcoin's Moves Are 'Normal,' But Some Altcoins May Have Had Their 'Last Hurrah'
- Beyond BTC and SOL: Discover 5 Altcoins Poised to Mint the Next Wave of Crypto Millionaires
- Why Analysts Are Bullish on These Altcoins to Join for December 2024 for Exponential Growth | Bitcoinist.com
- 7 Crypto Picks You Can’t Ignore in December: Altcoins Ready to Surge
- Top Altcoins For Crypto Bull Run: Grab These 5 Tokens Before the Next Bull Rally
- Bitcoin ($BTC) Price Drop: Analyzing the Plunge and Predicting Further Declines
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- Why Is XRP Going Down? Crypto Crash Price Predictions
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- Bitcoin (BTC) Loses $100,000: What's Next? Ethereum (ETH) To Never See $4,000? Solana (SOL) Great Reset Is Incoming
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