$BTC Bitcoin heads toward $90K as crypto selloff intensifies⬇️
Strong economic data and a bond market rout have raised questions about the idea of a rate cut this year.
#USJoblessClaimsDrop
US stock markets were closed on Thursday in memory of former President Jimmy Carter, but cryptocurrencies are running 24/7 and bearing the brunt of the jitters ahead of tomorrow’s December employment report. By late afternoon, Bitcoin (BTC) was back at levels not seen in more than a month, barely holding above $91,000 and down about 3% over the past 24 hours. The broader CoinDesk 20 index is similarly down, but notable underperformance includes Solana (SOL) and Chainlink (LINK), both down by double-digit percentages. The ongoing sell-off in cryptocurrencies comes on the heels of a massive rally in the fourth quarter of 2024, spurred by Donald Trump’s November victory and hopes for a friendlier regulatory environment from Washington, D.C. Another leg up on crypto’s support chair was easier monetary policy, with the U.S. Federal Reserve cutting interest rates overnight U.S. interest rates have fallen by 100 basis points since September.
#BinanceAlphaAlert #BNBBhutanReserves #AIMarketCapDip
$BTC
Strong economic data and a bond market rout have raised questions about the idea of a rate cut this year.
#USJoblessClaimsDrop
US stock markets were closed on Thursday in memory of former President Jimmy Carter, but cryptocurrencies are running 24/7 and bearing the brunt of the jitters ahead of tomorrow’s December employment report. By late afternoon, Bitcoin (BTC) was back at levels not seen in more than a month, barely holding above $91,000 and down about 3% over the past 24 hours. The broader CoinDesk 20 index is similarly down, but notable underperformance includes Solana (SOL) and Chainlink (LINK), both down by double-digit percentages. The ongoing sell-off in cryptocurrencies comes on the heels of a massive rally in the fourth quarter of 2024, spurred by Donald Trump’s November victory and hopes for a friendlier regulatory environment from Washington, D.C. Another leg up on crypto’s support chair was easier monetary policy, with the U.S. Federal Reserve cutting interest rates overnight U.S. interest rates have fallen by 100 basis points since September.
#BinanceAlphaAlert #BNBBhutanReserves #AIMarketCapDip
$BTC