Crypto Price Today: Bitcoin drops 2.5% amid pullback in altcoins. Ethereum, XRP, Solana fall by up to 4%
Bitcoin was trading with a negative bias on Friday amid selling pressure near the resistance of $1,00,000. AT 1:15 am, it was trading at $95,343.50, higher by 2.51%. Most major altcoins were trading with a negative bias around this time including Ethereum (ETH), Tether, XRP, BNB, Solana, Dogecoin, Cardano, Tron, Shiba Inu, Toncoin and Avalanche. They were lower by up to 4% around this time.
The weakness in crypto assets has been on account of the hawkish Federal Reserve commentary which has hinted at a shallower rate cut in 2025. In its December monetary policy announcements, the Central Bank said that its 2% inflation target was unlikely to be achieved in the coming year.
Crypto currencies have been in the consolidation mode after a…
