Cryptocurrency Q&A
Why is Bitcoin down so much?
Why is Bitcoin down so much?
CryptoLegend
Wed Dec 25 2024
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5 answers
1005
I've been watching the cryptocurrency market recently and noticed that Bitcoin has been dropping significantly in value. I'm wondering what factors are causing this steep decline in Bitcoin's price.
5 answers
JessicaMiller
Fri Dec 27 2024
CRYPTO: BTC has experienced significant momentum throughout the fall and early winter.
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EnchantedSoul
Fri Dec 27 2024
However, over the past 24 hours, this momentum hit a major snag.
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CherryBlossomFall
Thu Dec 26 2024
The Federal Reserve's recent interest rate cut played a significant role in this downturn.
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Sebastiano
Thu Dec 26 2024
While a rate cut may initially sound like a positive development, the Fed's accompanying statement painted a less optimistic picture.
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EtherealVoyager
Thu Dec 26 2024
Specifically, the Fed indicated that it expects inflation and unemployment to rise more than previously anticipated in 2021.
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