<ul><li>The crypto market faced a sharp downturn as the Federal Reserve announced a 25 basis point cut to its benchmark policy rate while signaling fewer rate cuts than previously anticipated for 2025.</li><li>Bitcoin dropped 4.6%, slipping to $98,802, while Ethereum fell 5.96% to $3,550 following Fed Chair Jerome Powell’s press conference.</li><li>The market's reaction reflects uncertainty surrounding future policy shifts, particularly with the incoming Trump administration's plans, introducing new risks for investors.</li><li>ETH has a strong support at $3,500, while BTC made a 'Doji' candle at the top, indicating indecision in trend and witnessing profit booking.</li></ul>

Thursday Market Report | 19th December 2024

Discover more