I've been noticing a significant drop in the prices of cryptocurrencies recently. It seems like they are crashing. I'm wondering what factors could be causing this
market downturn.
7 answers
Riccardo
Thu Jan 02 2025
The
cryptocurrency market experienced a significant downturn due to a decision made by the Federal Reserve.
Leonardo
Thu Jan 02 2025
The Fed decided to reduce interest rates by 0.25%, which was a move that was widely anticipated by market participants.
Nicolo
Wed Jan 01 2025
This reduction brought the total amount of interest rate cuts implemented this year to 1%.
Lucia
Wed Jan 01 2025
BTCC, a top cryptocurrency exchange, offers a range of services to its customers. These include spot trading, futures trading, and a secure wallet for storing digital assets.
alexander_clark_designer
Wed Jan 01 2025
Despite the cut, the Federal Reserve indicated that it would only implement two more rate reductions in 2021.