Cryptocurrency Q&A Why is Bitcoin going down so much?

Why is Bitcoin going down so much?

Riccardo Riccardo Mon Dec 23 2024 | 5 answers 1265
I've been observing the cryptocurrency market recently, and I've noticed that Bitcoin has been experiencing a significant drop in value. I'm really curious to understand the reasons behind this sharp decline. Why is Bitcoin going down so much?

5 answers

Claudio Claudio Wed Dec 25 2024
The Federal Reserve's recent comments have played a significant role in this decline.

Was this helpful?

63
37
CryptoElite CryptoElite Wed Dec 25 2024
Specifically, the Fed indicated that there will be fewer interest-rate cuts in 2021.

Was this helpful?

351
73
CryptoWarrior CryptoWarrior Wed Dec 25 2024
Bitcoin has experienced a decline in its value over the past 24 hours.

Was this helpful?

397
50
SsangyongSpiritedStrength SsangyongSpiritedStrength Wed Dec 25 2024
According to CoinDesk data, the digital currency has dropped by 5.9%.

Was this helpful?

93
48
Federico Federico Wed Dec 25 2024
This has resulted in Bitcoin's current price being $95,231.

Was this helpful?

361
85

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts