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The Defiant 2024-12-19 15:55:18

Crypto Market Tumbles After Fed Signals Rate-Cut Caution

The cryptocurrency market tumbled on Thursday after the Federal Reserve lowered interest rates on Wednesday but expressed caution about further cuts next year. Bitcoin (BTC) fell 4.3% in the past 24 hours, trading at around $99,700, down from its all-time high of $108,000 on Wednesday. Ethereum (ETH) declined 7.3% to $3,579. XRP dropped 6.8% to $2.31, and Solana decreased by 5.4%, now priced at $204. The overall cryptocurrency market cap fell 5.6% to $3.64 trillion, according to CoinGecko , reflecting broad market weakness. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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