COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bitcoin Faces Significant Decline as Market Reacts to Fed Announcements
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Bitcoin Faces Significant Decline as Market Reacts to Fed Announcements
Bitcoin (BTC)

Bitcoin Faces Significant Decline as Market Reacts to Fed Announcements

In Brief

  • Bitcoin fell to $97,500 due to Fed announcements and market reactions.

  • Altcoins are experiencing significant losses, raising concerns among traders.

  • A potential reversal could occur based on future statements and market dynamics.

Fatih Uçar
Fatih Uçar 5 months ago
Share
SHARE

The cryptocurrency Bitcoin $104,509 has experienced a sharp decline, dropping to $97,500 at the time of writing. This downturn is attributed to substantial losses in altcoins, which were triggered by recent announcements from the Federal Reserve. After reaching a peak of $108,000 earlier this week, it is not surprising that BTC is undergoing such rapid losses. However, should the market not be concerned despite the Fed’s statements?

Contents
Bitcoin Decline and CryptocurrenciesPotential Reversal Factors

Bitcoin Decline and Cryptocurrencies

The BTC price fell to $97,500 following the opening of U.S. markets. In his recent statements, the Fed Chairman implied that there would be minimal interest rate cuts next year, highlighting the risk of a reversal in the declining inflation trend. As markets quickly priced in this information, the likelihood of a pause in interest rate cuts has become more evident since January.

While there has not been a massive drop in the U.S. stock markets, the high GDP figures alongside lower-than-expected unemployment claims confirmed the Fed’s pause in its announcements. This suggests that unless Trump makes a new statement about cryptocurrencies, the decline could persist in the short term.

Potential Reversal Factors

The imminent appointment of a crypto-friendly president for the CFTC, Trump’s potential new statements on BTC, or the possibility that this downturn presents a significant buying opportunity in the ETF space could lead to a reversal in BTC’s price movements. Otherwise, altcoins face the risk of losses nearing 20%, with DOGE already down by 16%. In the last 24 hours, $906 million worth of long positions were liquidated.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Meta Platforms Decides Against Bitcoin Reserves in Shareholders’ Meeting

Expert Predicts Bitcoin’s Potential Paths: Expect Surprises

Spot Bitcoin ETFs Witness a Surprising Shift in Inflows and Outflows

Bitcoin’s Meteoric Rise Defies Market Doubts and Attracts Substantial Capital

Discover How Bitcoin Progressively Defies U.S Treasury Bonds

Fatih Uçar 19 December, 2024 - 9:14 pm 19 December, 2024 - 9:14 pm
Share This Article
Facebook Twitter
Share
Previous Article Legal Battles Surround Crypto Projects as Global Standards Emerge
Next Article Arthur Hayes Predicts Significant Impacts on Cryptocurrency Markets
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Twenty One Capital Expands Bitcoin Holdings with $100 Million Boost
Bitcoin News
Jamie Dimon Advocates Defense Priorities Over Crypto Reserves
Cryptocurrency News
Shiba Inu Community Drastically Burns Over a Billion SHIB Tokens
Shiba (SHIB)
Discover How Pi Network Advances Gaming with Innovative Integrations
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?