Bitcoin (BTC) $96,907.4 The price started Sunday at $96,000 and lost nearly $3,000 on the day. The price failed to reclaim $100,000, causing further weakness in altcoins amid weekend lack of volume. ETH fell again to $ 3,300.
Bitcoin (BTC)
Setting a new all-time record high Bitcoin (BTC) price After the historical peak of $ 108,000, it turned downwards. The fact that the Fed will cut fewer interest rates in 2025 has been accepted by the markets for a while. However, with Powell’s statements, this negativity was clearly confirmed.
Last PCE data Even though it indicates an increase below expectations, it does not change the fact that the decline in inflation has stopped. We need to see better December data in January and see the decline continue again months later. Moreover, what will reactivate the Fed’s interest rate cuts will be targeting unemployment at 4.3% and above again, as in the past months.
Trump’s support keeps BTC price above $95,000. Moreover, although there will be two interest rate cuts next year, things may improve here with the correction in the data. $93,800 is protected and the base support is at $90,500. In order for the BTC price to reach six-digit levels again, it must regain $ 98,000 as support.
Cryptocurrencies Latest Status
The total value of cryptocurrency markets fell to $3.29 trillion, and 24-hour volume dropped 41% to $169 billion. BTC market dominance While climbing to 57.8%, the 0.036BTC support in the ETHBTC pair was lost as worried. We wrote in the middle of this week that this situation could trigger larger declines in altcoins.
Possible bottom ETHBTC parity is at 0.0336 level, but despite the needle being thrown here, a sharp turn did not start. With the new week, intense long positions cleared started to return, spot volume increased and trump The comeback should begin with possible new support statements from the front.
While MOVE, HYPE, BGB have gained between 30% and 43% in the last 7 days, almost all of the top 100 cryptocurrencies are at a loss. The biggest losses are in WIF, CRV, DYDX, GALA, APT and OP Coin with average losses of no less than 30%.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
