Cryptocurrency Q&A
Why is crypto dropping so much?
Why is crypto dropping so much?
SakuraBloom
Fri Dec 27 2024
|
5 answers
846
I've been observing the cryptocurrency market recently and I'm really concerned about the significant drop in prices. It seems like every day, the value of crypto is decreasing rapidly. I'm wondering what factors are causing this major downturn.
5 answers
Valentina
Sun Dec 29 2024
The crypto market is currently undergoing a substantial downturn.
Was this helpful?
57
64
CryptoVanguard
Sat Dec 28 2024
Powell indicated that there will be fewer rate cuts in 2025, which has led to a widespread decrease in investor confidence.
Was this helpful?
53
27
TopazRider
Sat Dec 28 2024
This decline is predominantly attributed to the Federal Reserve's recent monetary policy announcement.
Was this helpful?
175
99
Raffaele
Sat Dec 28 2024
The Fed decided to cut interest rates by 0.25%, a move that was anticipated by many investors.
Was this helpful?
202
81
SamuraiWarriorSoulful
Sat Dec 28 2024
However, the sentiment in the market shifted drastically after Fed Chair Powell's hawkish stance became apparent.
Was this helpful?
359
65
