Close Menu
Cryprovideos
    What's Hot

    Czech Central Financial institution Boosts US Tech Play with Coinbase, Palantir Shares

    July 14, 2025

    Analyst Says MicroStrategy May Set off a Bitcoin Cascade Worse Than Mt. Gox or 3AC

    July 14, 2025

    Chainlink Surges Previous $15 Resistance as Tokenization Narrative Fuels Breakout

    July 14, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Why is Crypto Down Right this moment?
    Why is Crypto Down Right this moment?
    Crypto News

    Why is Crypto Down Right this moment?

    By Crypto EditorDecember 20, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The cryptocurrency market is down by over $200 billion within the final 24-hour interval and by round $600 billion previously week amid a major downtrend that has been attributable to a number of elements, together with the Federal Reserve chopping rates of interest by 25 foundation factors and its Chair Jerome Powell suggesting fewer cuts are coming subsequent 12 months.

    Powell’s feedback dampened investor sentiment and affected threat belongings throughout markets, with the S&P 500 dropping round 3.2% of its worth because the feedback had been made and the Nasdaq seeing an identical dip. The market sell-off prompted the Dow Jones Industrial Common to proceed its decline after experiencing 9 straight dropping classes, marking its longest sequence of day by day losses since 1974.

    Within the cryptocurrency area, the sell-off noticed bitcoin’s worth plunge by greater than 9% to now commerce beneath $93,000, whereas Ethereum’s ether dropped 15.6% to $3,120 on the time of writing. Main altcoins together with Solana, DOGE, ADA, and BNB noticed losses between 11.6% and 27%.

    Crypto market cap chart through CoinMarketCap


    The sell-off additionally noticed spot bitcoin exchange-traded funds see a file $671 million outflow, its largest single-day loss, placing an finish to a 15-day influx streak these funds had been seeing. The biggest outflow was seen on Constancy’s FBTC, which noticed $206.8 million pulled from the fund, whereas Grayscale’s Bitcoin Mini Belief skilled $188.6 million in outflows, and ARKB noticed $108.4 million in outflows.

    The market can also be enduring a downturn over the anticipated launch of the November Private Consumption Expenditures (PCE) index, a key inflation measure anticipated to additional affect future rate of interest selections.

    Featured picture through Pexels.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Czech Central Financial institution Boosts US Tech Play with Coinbase, Palantir Shares

    July 14, 2025

    Digital artwork will ‘age like positive wine’: Inside Flamingo DAO’s 9-figure NFT assortment

    July 14, 2025

    Asia Crypto Information: How Will Coinbase Rebrand Its Pockets?

    July 14, 2025

    The AI Device Making Crypto Extra Accessible

    July 14, 2025
    Latest Posts

    Analyst Says MicroStrategy May Set off a Bitcoin Cascade Worse Than Mt. Gox or 3AC

    July 14, 2025

    Bitcoin to Add Zero? '$1 Million BTC' Advocate Mow Says Sure

    July 14, 2025

    Bitcoin Money (BCH) Surges Above $500: Analyzing Current Developments, Technicals, and Value Outlook

    July 14, 2025

    MicroStrategy Seems Set to Resume Bitcoin Buys After 1-Week Pause – Bitbo

    July 14, 2025

    Bitcoin Lengthy-Time period Holders Stay Regular As CDD Normalizes After False Alarm

    July 14, 2025

    Why This Bitcoin Rally Feels Totally different

    July 13, 2025

    Analysts Warn MicroStrategy Poses Main Bitcoin Liquidation Threat – Bitbo

    July 13, 2025

    BTC HITS ATH, PUMPFUN RELEASES TOKENOMICS, PENGU SOARS – Decrypt

    July 13, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Mastermind Behind SEC SIM Swapping Scheme Sentenced to 14 Months in Jail for Manipulating Bitcoin Worth – The Each day Hodl

    May 19, 2025

    Crypto Crash? Bitcoin Worth Prediction After 5% Correction – Is The Bull Market Over?

    May 25, 2025

    Ethereum Reserves On Binance Hits 2023 Degree — What Occurred Final Time? | Bitcoinist.com

    July 6, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.