Bitcoin slips after Fed’s rate of interest resolution – CoinJournal

Bitcoin slips after Fed’s rate of interest resolution – CoinJournal

  • Bitcoin dropped to under $100,500 as S&P 500 slipped 2.5%
  • The Fed signalled a 50 bps fee lower for 2025, taming threat urge for food.

Bitcoin worth fell practically 6% to under $100,500 on December 18, 2024 because the broader market traded decrease on the newest US Federal Reserve rates of interest resolution.

BTC drops amid Fed information

Following the Federal Reserve’s 25 bps rate of interest lower and Fed Chair Jerome Powell’s speech, shares gave up beneficial properties. Bitcoin led the crypto market’s unfavorable response, with traders probably commentary that the central financial institution won’t lower its benchmark fee as aggressively as anticipated within the subsequent 12 months.

Analysts pointed to Powell’s remarks as a hawkish stance for the Fed and the tip of the easing cycle. The S&P 500 noticed a 2.5% drawdown.

BTC worth fell sharply to additional transfer away from the latest all-time excessive above $108. Buying and selling close to $100k places Bitcoin on the key zone the place bears have beforehand dominated bulls.

“The US Fed has taken the expected action of cutting interest rates by 25bps. However, the cuts came with a hint of cautiousness by Jerome Powell. His hinting of only a 50 bps cut through 2025 is only half of what the public had been expecting prior to today’s FOMC meeting,” market intelligence platform Santiment wrote on X.

“Under these conditions, we are seeing big drops throughout multiple sectors. With Bitcoin and crypto being closely tied to the S&P 500 and other equities markets, prices have retraced on this news,” the platform added.

Aside from BTC, different high cash fell. ETH dipped 6% to $3,712 and XRP crashed 10% to $2.36.

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bitcoin
Bitcoin (BTC) $ 97,032.00 0.06%
ethereum
Ethereum (ETH) $ 2,637.66 0.80%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.40 2.61%
solana
Solana (SOL) $ 202.84 1.44%
bnb
BNB (BNB) $ 608.39 0.59%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.250226 2.47%
cardano
Cardano (ADA) $ 0.692882 1.58%
staked-ether
Lido Staked Ether (STETH) $ 2,632.75 0.74%
tron
TRON (TRX) $ 0.231654 0.92%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,746.92 0.05%
chainlink
Chainlink (LINK) $ 18.57 0.35%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,140.28 1.10%
avalanche-2
Avalanche (AVAX) $ 25.15 0.42%
sui
Sui (SUI) $ 3.13 1.02%
stellar
Stellar (XLM) $ 0.313391 5.42%
the-open-network
Toncoin (TON) $ 3.83 0.98%
shiba-inu
Shiba Inu (SHIB) $ 0.000016 2.61%
leo-token
LEO Token (LEO) $ 9.88 0.21%
hedera-hashgraph
Hedera (HBAR) $ 0.236084 1.61%
litecoin
Litecoin (LTC) $ 113.34 6.35%
usds
USDS (USDS) $ 1.00 0.00%
hyperliquid
Hyperliquid (HYPE) $ 23.37 1.09%
bitget-token
Bitget Token (BGB) $ 6.38 1.47%
weth
WETH (WETH) $ 2,638.76 0.66%
polkadot
Polkadot (DOT) $ 4.80 1.06%
bitcoin-cash
Bitcoin Cash (BCH) $ 327.42 0.51%
ethena-usde
Ethena USDe (USDE) $ 0.999548 0.07%
mantra-dao
MANTRA (OM) $ 6.08 0.74%
uniswap
Uniswap (UNI) $ 9.14 0.58%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,792.03 0.85%
ondo-finance
Ondo (ONDO) $ 1.32 3.30%
monero
Monero (XMR) $ 223.15 3.42%
pepe
Pepe (PEPE) $ 0.00001 0.36%
whitebit
WhiteBIT Coin (WBT) $ 27.41 0.74%
near
NEAR Protocol (NEAR) $ 3.18 5.93%
aave
Aave (AAVE) $ 246.20 0.53%
aptos
Aptos (APT) $ 6.06 2.93%
dai
Dai (DAI) $ 1.00 0.01%
mantle
Mantle (MNT) $ 1.02 2.69%
internet-computer
Internet Computer (ICP) $ 7.03 0.19%
susds
sUSDS (SUSDS) $ 1.03 0.28%
official-trump
Official Trump (TRUMP) $ 15.63 11.11%
bittensor
Bittensor (TAO) $ 378.56 2.60%
ethereum-classic
Ethereum Classic (ETC) $ 20.34 0.51%
okb
OKB (OKB) $ 47.78 1.68%
gatechain-token
Gate (GT) $ 21.54 0.34%
vechain
VeChain (VET) $ 0.03255 1.67%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.306269 1.82%
crypto-com-chain
Cronos (CRO) $ 0.092966 2.49%
algorand
Algorand (ALGO) $ 0.283433 1.10%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 97,036.00 0.10%
render-token
Render (RENDER) $ 4.37 0.79%
kaspa
Kaspa (KAS) $ 0.088049 0.30%
tokenize-xchange
Tokenize Xchange (TKX) $ 28.00 1.09%
jupiter-exchange-solana
Jupiter (JUP) $ 0.832431 4.11%
filecoin
Filecoin (FIL) $ 3.33 0.21%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.791536 5.56%
first-digital-usd
First Digital USD (FDUSD) $ 0.999534 0.30%
cosmos
Cosmos Hub (ATOM) $ 4.64 0.64%
arbitrum
Arbitrum (ARB) $ 0.459218 0.11%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 96,933.97 0.52%
fasttoken
Fasttoken (FTN) $ 3.93 0.03%
celestia
Celestia (TIA) $ 3.17 1.66%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 209.94 1.72%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,641.48 0.52%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,733.90 0.66%
ethena
Ethena (ENA) $ 0.486148 5.94%
solv-btc
Solv Protocol SolvBTC (SOLVBTC) $ 96,872.95 0.19%
kucoin-shares
KuCoin (KCS) $ 12.05 1.08%
optimism
Optimism (OP) $ 1.09 2.39%
xdce-crowd-sale
XDC Network (XDC) $ 0.09158 1.42%
injective-protocol
Injective (INJ) $ 14.69 4.86%
immutable-x
Immutable (IMX) $ 0.817234 0.84%
blockstack
Stacks (STX) $ 0.928376 2.43%
raydium
Raydium (RAY) $ 4.72 8.59%
lido-dao
Lido DAO (LDO) $ 1.51 2.87%
bonk
Bonk (BONK) $ 0.000017 4.16%
theta-token
Theta Network (THETA) $ 1.33 1.04%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,963.83 0.66%
nexo
NEXO (NEXO) $ 1.31 1.07%
sonic-3
Sonic (prev. FTM) (S) $ 0.410146 0.96%
the-graph
The Graph (GRT) $ 0.134072 0.69%
quant-network
Quant (QNT) $ 87.94 0.19%
movement
Movement (MOVE) $ 0.524499 5.64%
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,788.15 0.76%
worldcoin-wld
Worldcoin (WLD) $ 1.25 1.15%
flare-networks
Flare (FLR) $ 0.020912 4.75%
usual-usd
Usual USD (USD0) $ 0.996191 0.14%
dexe
DeXe (DEXE) $ 19.21 14.94%
jasmycoin
JasmyCoin (JASMY) $ 0.022481 0.67%
solv-protocol-solvbtc-bbn
Solv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 95,842.68 0.39%
msol
Marinade Staked SOL (MSOL) $ 256.99 1.43%
sei-network
Sei (SEI) $ 0.229131 0.20%
gala
GALA (GALA) $ 0.022541 2.04%
eos
EOS (EOS) $ 0.620173 0.95%
the-sandbox
The Sandbox (SAND) $ 0.38338 1.65%
tezos
Tezos (XTZ) $ 0.884918 1.31%
floki
FLOKI (FLOKI) $ 0.000094 0.91%
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