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Why Did The Market Slump?
Hey crypto trailblazer, đ
The markets have hit some turbulence as both stocks and crypto dipped over the past few days. Letâs break down whatâs been driving this slump.
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đ Why Crypto Markets Are Down - December 2024
How did we go from âup onlyâ to this downturn? Hereâs whatâs shaking things up:
Fedâs Hawkish Tone
The Federal Reserve signaled fewer interest rate cuts in 2025 than anticipated. This spooked stock markets, and since institutional investors are heavily involved in crypto, the impact spilled over, triggering selloffs.Bizarre Market Anxiety
Reports of unidentified drones over New Jersey sparked public and investor concerns. Speculation around compromised airspace or even extraterrestrial activity has created an unexpected layer of market unease.Profit-Taking at $100K
Bitcoin flirted with the psychological $100K milestone. This round number often prompts profit-taking as investors lock in gains, adding to selling pressure.
While the market may look shaky now, these movements often present opportunities for long-term believers. Keep your eyes on the horizonâthe broader trend remains positive.
Epic Crypto News Team
DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.
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