Cryptocurrencies by the US Federal Reserve recently Bitcoin The decision to refuse to include Bitcoin in its reserves proved to be a major blow to the crypto market. After this decision, there has been a huge decline in the crypto market. Till the time of writing the news, the global crypto market saw a decline of up to 9.80%, while the largest cryptocurrency Bitcoin It fell by 6% and went below $95,000. However, it had a strong support near $94,000, which allowed some recovery.
Crypto and stock markets fall due to Federal Reserve’s commentary
The recent commentary made by the Federal Reserve has impacted the entire crypto and stock market. According to experts, the Fed’s commentary has created fear in the minds of investors, due to which both crypto and stock markets have fallen. The Federal Reserve has also indicated that interest rates will be cut only twice in 2025, which has created even more tension in the market. Concerns also increased that investors may move out of the crypto market in the future due to inflation and interest rates.
Impact of decline in major cryptocurrencies
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Bitcoin, Bitcoin A decline of 6% was seen and it fell below $95,000.
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Ethereum: second largest cryptocurrency Ethereum There was also a sharp decline, falling more than 14% to $3,179.61.
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Altcoins:XRP, Solana and other major altcoins also suffered similar declines, causing huge losses to investors.
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Memecoins: Impact of Bitcoin’s decline on Shiba Inu, Dogecoin and P.E.P.E. Like it also happened on Mimecoin, which started falling rapidly.
Furthermore, a negative impact was seen in the crypto market as well as the entire global market. There was also a huge decline in the American stock market, Indian stock market and Asian stock market, due to which global investors came in a selling position. At present there is an atmosphere of panic in the market.
Conclusion
At present, the main reason for the decline in the crypto market is believed to be the policies and commentary of the Federal Reserve, which has worried the market. However, near $94,000 Bitcoin Has received support, but it is believed that if BTC continues to fall then more fluctuations may be seen in the crypto market. Experts believe that this decline may continue further as market volatility is increasing.
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