Ethereum

Jerome Powell

Chair

Bitcoin

Strong

<p>The cryptocurrency market is once again clouded by uncertainty. In the past 24 hours, total market value has dropped by 3.4%, leaving traders and investors concerned. Bitcoin is struggling to hold the $100K level, while smaller tokens like <a href="https://coinpedia.org/price-prediction/floki-price-prediction/" target="_blank" rel="noreferrer noopener">Floki are facing significant losses. </a></p>   
<p>This has led many to ask: Could this signal an impending <a href="https://coinpedia.org/news/crypto-news-today-dec-19th-2024-fed-signals-slower-rate-cuts-crypto-market-slumps/" target="_blank" rel="noreferrer noopener">crypto crash?</a></p>   
<h2 class="wp-block-heading" id="h-bitcoin-holds-on-strong">Bitcoin Holds On Strong </h2>   
<p>Bitcoin didn’t have a great day. It dipped below $100K briefly, hitting $98,695, before clawing back to $101,767. But things aren’t stable yet. Strong support at $100,124 might hold the line for now. If it doesn’t, the next stop could be around $97,794, where the MA 200 line provides some backup.</p>   
<figure class="wp-block-image aligncenter size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/19161439/Bitcoin-price-chart-1-1024x550.webp" alt="Bitcoin-price-chart" class="wp-image-395114">
 <figcaption class="wp-element-caption">
  <em>Source : Tradingview</em>
 </figcaption>
</figure>   
<p>Some analysts remain hopeful, predicting that Bitcoin could climb to $108,364, especially with the holiday season potentially boosting trading activity. However, caution persists. The Balance of Power (BOP) indicator is at 0.34, reflecting a bearish trend.</p>   
<p>Adding to the market’s uncertainty,<a href="https://coinpedia.org/news/why-did-crypto-crash-today-jerome-powells-speech-spark-panic-selling/" target="_blank" rel="noreferrer noopener"> Federal Reserve Chair Jerome Powell</a> recently announced he has no plans to hold Bitcoin. This statement has shaken confidence further in an already nervous market. Sentiment plays a crucial role in crypto, and right now, it’s tilting negative.</p>   
<h2 class="wp-block-heading" id="h-floki-struggles">Floki Struggles </h2>   
<p>Floki fans are hurting. The crypto coin dropped a massive 13.95% in just one day, now trading at $0.0001878. And it’s not just a one-day problem. Since December 9, Floki’s value has tumbled by 34%.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/19161720/crypto-floki-1024x554.webp" alt="crypto floki" class="wp-image-395117">
</figure>   
<p>The RSI (<a href="https://coinpedia.org/traders/relative-strength-index-rsi/" target="_blank" rel="noreferrer noopener">Relative Strength Index</a>) is sitting at a concerning 23.03, which means it’s deep in oversold territory. Some might see this as a chance for a rebound, but it’s not guaranteed. If the downtrend continues, Floki could slide further to $0.00014. Optimists are looking at $0.0002066 as the next resistance level, but it’s going to be a tough climb.</p>   
<h2 class="wp-block-heading" id="h-ethereum-signs-of-life-in-the-chaos">Ethereum: Signs of Life in the Chaos</h2>   
<p>Ethereum hasn’t escaped the downturn either, with a 5.08% drop in the last 24 hours. But here’s the interesting part: trading volume for <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">ETH surged by 40%</a>. That’s a lot of activity for a day like this.</p>   
<p>Some experts believe Ethereum might soon break past $4,000 and possibly challenge its all-time high. For now, however, it remains entangled in the broader market’s turbulence.</p>   [post_titles_links postid="394970"]   
<h2 class="wp-block-heading" id="h-what-to-expect">What to Expect</h2>   
<p>The crypto market is no stranger to volatility, but even by its standards, this is a tough period but definitely not a crypto crash. <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin’s fight to stay above $100K</a> is crucial. Floki’s free fall shows how quickly things can change, while Ethereum’s trading activity hints at underlying investor interest.</p>   
<p>Jerome Powell’s comments and the Fed’s rate cut have clearly shaken confidence. Still, crypto has always been unpredictable. Whether this is just a pause before a rebound or the start of a longer downturn depends on how investors respond in the coming days.</p>   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1734615076045">
  <strong class="schema-faq-question"><strong>How is the crypto market doing today?</strong></strong> 
  <p class="schema-faq-answer">The crypto market dropped by 3.29% to $3.51 trillion after the Fed’s 0.25% rate cut. However, trading volume surged by 34.78% to $265.97 billion, indicating increased activity.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734615119460">
  <strong class="schema-faq-question"><strong><strong>How much will 1 Bitcoin be worth in 2025?</strong></strong></strong> 
  <p class="schema-faq-answer">As per Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734615126411">
  <strong class="schema-faq-question"><strong><strong>What will Bitcoin be in 10 years?</strong></strong></strong> 
  <p class="schema-faq-answer">Projecting a 10-year growth in a volatile asset like Bitcoin seems a far-stretched notion. The BTC price is expected to cross $600,000 by 2030. With global adoption, Bitcoin could be worth&nbsp;<strong>1 million dollars</strong>.</p> 
 </div> 
</div>

Crypto Is Bleeding! Bitcoin Dips Below $100K, Floki Crashes, Ethereum Struggles

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