Cryptocurrency Market Today Dec 19: BTC Falls Below $100K, Altcoins Crash After Fed Rate Cut

Quick Summary:

The cryptocurrency market experienced a sharp downturn as Bitcoin (BTC) fell below the $100,000 mark after the Federal Reserve announced a 25 basis points cut.

Contrary to expectations of a positive market reaction, the news triggered widespread sell-offs, affecting major altcoins.

The market cap stood at $2 trillion, with $100 billion in trading volume and a market dominance of 57.12%.

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Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Crypto price today Solana (SOL) XRP Shiba Inu (SHIB) Dogecoin (DOGE) Bitcoin News Bitcoin (BTC) Price Altcoin News Ethereum (ETH) price

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 04:21:56 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 950 words

Reading Time: 6 minutes read

Sentences: 66 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 24543943

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