Bitcoin holds $104K as XRP, AVAX and Solana traders take profits

  • The cryptocurrency sector valuation declined 4% on Wednesday, dropping toward $3.8 trillion.
  • While Bitcoin price dipped 2% to consolidate around the $104,600 mark, top altcoins like XRP, AVAX and SOL suffered excess of 5% losses on the day. 
  • The sell-the-news frenzy comes as the Fed projects fewer rate cuts in 2025. 

Altcoin market updates: Solana, XRP AVAX among top losers, Fed triggers sell-the-news frenzy 

As the US central bank’s governors on Wednesday projected fewer rate cuts in 2025, crypto traders opted to take profits off the table.

This effectively ended a week-long rally that has seen Bitcoin (BTC), Ripple (XRP) and Avalanche (AVAX) all score double-digit gains since December 10. 


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