Bitcoin

Reversal

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-faces-significant-decline-as-market-reacts-to-fed-announcements/" data-wpel-link="internal">Bitcoin Faces Significant Decline as Market Reacts to Fed Announcements</a><br></p>
<p style="text-align: justify">The <a href="https://en.coin-turk.com/when-do-cryptocurrencies-rise/" data-wpel-link="internal">cryptocurrency</a> Bitcoin has experienced a sharp decline, dropping to $97,500 at the time of writing. This downturn is attributed to substantial losses in <a href="https://en.coin-turk.com/bitcoin-price-stays-at-67800-while-altcoins-remain-stable/" data-wpel-link="internal">altcoins</a>, 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?</p> 
<h2 style="text-align: justify" id="bitcoin-decline-and-cryptocurrencies">Bitcoin Decline and Cryptocurrencies</h2> 
<p style="text-align: justify">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.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-416248 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/12/BTCUSDT_2024-12-19_21-01-55.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">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.</p> 
<h2 style="text-align: justify" id="potential-reversal-factors">Potential Reversal Factors</h2> 
<p style="text-align: justify">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 <a href="https://en.coin-turk.com/exploring-dogecoins-potential-for-a-price-rally/" data-wpel-link="internal">DOGE</a> already down by 16%. In the last 24 hours, $906 million worth of long positions were liquidated.</p> 
<p>The post <a href="https://en.coin-turk.com/bitcoin-faces-significant-decline-as-market-reacts-to-fed-announcements/" data-wpel-link="internal">Bitcoin Faces Significant Decline as Market Reacts to Fed Announcements</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin Faces Significant Decline as Market Reacts to Fed Announcements

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