Bitcoin Declines to $102K and Ethereum Drops 5%.
Dec 19 at 13:31
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Medlem sedan Dec 14, 2024
7 inlägg
Dec 19 at 13:31
KEY HIGHLIGHTS
Bitcoin Declines To $102K After Hawkish Fed Stance.
Ripple Falls Below $2.50, Faces Bearish Pressure.
Ethereum Drops 5%, Struggles To Hold Key Levels.
Cardano Consolidates Below $1.02, Bears Remain Active.
INTRODUCTION
The cryptocurrency market has been under pressure following the U.S. Federal Reserve’s hawkish stance. Bitcoin, Ethereum, XRP, and Cardano have all experienced declines, with Bitcoin falling to $102K after remarks by Fed Chair Jerome Powell. Other major cryptocurrencies, including Ethereum and XRP, faced similar downward pressure, while Cardano showed signs of consolidation.
Bitcoin: Market Overview
Bitcoin’s price dropped to $102K as market sentiment weakened after the Federal Reserve’s cautious outlook. Fed Chair Jerome Powell reinforced concerns about tighter monetary policies and clarified that the central bank has no plans to participate in a government-backed Bitcoin reserve initiative. These comments came after Bitcoin reached an all-time high of $108,244.9 earlier this week, fueled by President Donald Trump’s suggestion of a Strategic Bitcoin Reserve.
Technical Analysis
Bitcoin Declines To $102K After Hawkish Fed Stance.
Ripple Falls Below $2.50, Faces Bearish Pressure.
Ethereum Drops 5%, Struggles To Hold Key Levels.
Cardano Consolidates Below $1.02, Bears Remain Active.
INTRODUCTION
The cryptocurrency market has been under pressure following the U.S. Federal Reserve’s hawkish stance. Bitcoin, Ethereum, XRP, and Cardano have all experienced declines, with Bitcoin falling to $102K after remarks by Fed Chair Jerome Powell. Other major cryptocurrencies, including Ethereum and XRP, faced similar downward pressure, while Cardano showed signs of consolidation.
Bitcoin: Market Overview
Bitcoin’s price dropped to $102K as market sentiment weakened after the Federal Reserve’s cautious outlook. Fed Chair Jerome Powell reinforced concerns about tighter monetary policies and clarified that the central bank has no plans to participate in a government-backed Bitcoin reserve initiative. These comments came after Bitcoin reached an all-time high of $108,244.9 earlier this week, fueled by President Donald Trump’s suggestion of a Strategic Bitcoin Reserve.
Technical Analysis
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