Why Is Crypto Crashing And Will It Recover? – Blockchain News, Opinion, TV and Jobs
The cryptocurrency market was volatile throughout 2024, experiencing a significant shake-up. Additionally, Bitcoin exceeded $100,000 in December, only to plummet. This article looks into why is crypto crashing and will it recover?
Despite many buy orders, Bitcoin dropped below $99,000 on Dec. 19 after the Federal Reserve cut rates. However, the rate cut wasn’t the only factor. It dampened investor spirits. This happened because Federal Reserve Chair Jerome Powell seemed to ease on future rate cuts. Yet, this brief dip didn’t last. Bitcoin quickly bounced back and surpassed $100,000.
Altcoins mimicked Bitcoin’s new volatility as they dropped below their key support levels and then rallied hard. There…
