Cryptocurrency Market Today Dec 19: BTC Falls Below $100K, Altcoins Crash After Fed Rate Cut
WikiBit 2024-12-19 13:09
The cryptocurrency market experienced a sharp downturn as Bitcoin (BTC) fell below the $100,000 mark
The cryptocurrency market experienced a sharp downturn as Bitcoin (BTC) fell below the $100,000 mark after the Federal Reserve announced a 25 basis points cut. Contrary to expectations of a positive market reaction, the news triggered widespread sell-offs, affecting major altcoins. Ethereum (ETH) dropped by 6%, while XRP saw a significant 10% decline, with most cryptocurrencies showing negative momentum.
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