CandleFocus

Bitcoin Couldn't Hold Above $100,000! Here Are the Factors That Triggered the Fall!

Bitcoin and Ethereum, along with other major cryptocurrencies, experienced significant declines as concerns about prolonged inflation and tighter monetary policies weighed on global markets. Bitcoin fell 5% to $96,527 after briefly surpassing $100,000, while Ethereum dropped 8.5% in the last 24 hours to $3,314. The stock market also declined, and the yield on 10-year Treasury notes rose to its highest level since April. Analysts attribute the market volatility to the Federal Reserve's decision to maintain higher interest rates and concerns about long-term inflation. The inauguration of President-elect Donald Trump adds to market uncertainty, with analysts suggesting a potential shift in economic and cryptocurrency policies under his administration.

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